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Smart Win director remanded ; 2 others granted bail

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Colombo Chief Magistrate Thanuja Lakmali yesterday (March 17) ordered to remand one Manjula Weerasinghe, a director of Smart Win Private Limited, until March 23.

This relates to an incident where an illegal pyramid financial scheme was allegedly conducted under the guise of a Wallapatta cultivation project, defrauding over Rs. 02 billion from over 15,000 individuals.

The company had promised investors triple or quadruple returns in exchange for an initial deposit of Rs. 30,000 per Wallapatta plant.

However, the magistrate ordered to grant bail to two other directors arrested by the CID. They were ordered to be released on three sureties of Rs. 5 million each.

Court was informed by investigation officers that residents in several areas including Kurunegala, Anuradhapura, Puttalam, Anamaduwa, Monaragala, and Ampara, as well as Sri Lankans working overseas have been defrauded in this manner.

The CID also confirmed that the company was operating without legal approval from the Central Bank of Sri Lanka, engaging in unauthorized financial activities and violating anti-money laundering laws.

The investigation was launched following complaints lodged with the CID’s Financial Crimes Division by a group including Weerathunga Arachchige Prithi Kostha.

Further investigations are underway.

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CID probing into ex-President Ranil’s overseas trips

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The Criminal Investigation Department (CID) informed the Colombo Fort Magistrate’s Court today (June 24) that it has launched an investigation into the overseas trips made by former President Ranil Wickremesinghe during his tenure as president.

The CID reported the facts to the court and stated that the investigation is being conducted under the Public Property Act.

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Nelumwewa hot springs to be boosted as tourist destination

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As part of the “Clean Sri Lanka” initiative, a development project has been proposed to enhance the area surrounding the Nelumwewa hot springs in Welikanda, Polonnaruwa, with the aim of promoting it as a tourist attraction.

A discussion regarding the proposed development was held this morning (June 24) at the site, followed by a field inspection.

Until now, the hot springs area has not been adequately developed, leading to a diminished interest from both local and international tourists.

During the discussion, attention was drawn to the importance of developing the Nelumwewa hot springs, the site’s tourism and scientific potential and its current condition.

Proposals currently being evaluated involve enhancing forest cover in the surrounding area, beautifying the island adjacent to the hot springs and building a bridge from the mainland to the island to facilitate better access for visitors.

Among those present were Deputy Minister of Housing T.B. Sarath, Chairman of the Welikanda Pradeshiya Sabha, D.W. Wasantha, retired hydrologist Prof. Dharma Gunawardena of the University of Peradeniya and officials from the Clean Sri Lanka Secretariat, the Mahaweli Authority, the Sri Lanka Tourism Development Authority, the Welikanda Divisional Secretariat and several other institutions.

(President’s Media Division)

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22 Oluwil university students suspended over ragging

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A group of 22 students from Oluwil University have been suspended for allegedly ragging first-year students, Vice Chancellor Prof. S.M. Junaideen said.

The university’s Registrar, M.I. Naufer, stated that a special committee made up of university professors has been appointed to carry out a formal investigation into the incident.

According to preliminary reports, a group of second-year students from the Engineering Faculty were involved in ragging several first-year students. University authorities said strict disciplinary action would be taken based on the findings of the investigation.

The incident has raised fresh concerns about ragging in universities, which remains a serious issue despite longstanding efforts to eliminate the practice from Sri Lanka’s higher education institutions.

(dailymirror.lk)

(This story, originally published by dailymirror.lk has not been edited by SLM staff)

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