Connect with us

News

Son and daughter-in-law of biggest Chinese investor in SL remanded!

Published

on

A Chinese couple arrested by the Criminal Investigation Department (CID) were ordered to be remanded in connection with a large-scale pyramid scam of nearly Rs.15,000 million that defrauded many people of various status.
The CID officials informed the court that the two suspects were arrested in connection with the extensive investigation conducted into the scam in which they have introduced a computer software called “Sports Chain” and defrauded the people who are connected to it.
The suspects had organised conferences in major hotels in Colombo in order to lure people engaged in various professions.
Upon inspection of the bank accounts of these suspects, State Counsel Hamsa Abeyratne told the court that Rs.1.4 billion has been circulated in the accounts and investigations are continuing to find the source of the funds.
He said that the investigations into this incident are still in the preliminary stage and that during the interrogation of the main suspect Shamal Bandara, facts related to the two Chinese nationals were revealed through a WhatsApp message sent from his phone.
The lawyers appearing for the suspects said that the facts regarding these suspects have not been reported to the court before. He said that the incident cannot be considered an offence but a work that falls under digital currency and that attention is being paid to legalise this in Sri Lanka soon.
He informed the court that the suspect, who is the son of the biggest Chinese investor in Sri Lanka, has not committed such an offence.
The CID told the court that they have received 70 complaints regarding the scam and that more suspects will be arrested in the future.
Colombo Additional Magistrate Harshana Kekunawela imposed a travel ban on seven heads of the company called “Sport Chain Society Sri Lanka” for defrauding over Rs.8,000 million from a group of people who invested money in the pyramid scheme, and ordered the freezing of five of their bank accounts.
Source – The Island

Continue Reading

News

Electricity tariffs reduced

Published

on

By

The Public Utilities Commission of Sri Lanka (PUCSL) has approved a reduction of electricity tariffs by 22.5 per cent overall, PUCSL chairman Prof. Manjula Fernando said today (July 15).

The tariff revision, which will be effective from midnight today, is as follows :

Continue Reading

News

FR petition filed over Presidential Election dismissed with costs

Published

on

By

The Supreme Court has dismissed the Fundamental Rights (FR) petition filed seeking an order to prevent holding of the Presidential Election as the 19th Amendment to the Constitution has not been properly passed in Parliament, subject to costs.

This verdict was issued when the relevant petition filed by Attorney-at-Law Aruna Laksiri was taken up for consideration today (15) before a Supreme Court judge bench comprising Chief Justice Jayantha Jayasuriya, Justices Arjuna Obeysekara and Priyantha Fernando.

Accordingly, the court ordered the petition dismissed with costs of Rs 500,000 to be paid by the petitioner before July 31, 2024.

The petition argued that the 19th Amendment to the Constitution was not properly passed in Parliament and therefore called for a referendum to ensure its proper passage.

The Election Commission and its members, the General Secretary of Parliament and the Attorney General had been named as respondents of this petition.

The petitioner claimed that through the 19th Amendment to the Constitution, Article 70 of the Constitution has been amended to deprive the President of the power to dissolve an elected Parliament after one year has passed.

The petitioner asserted that the amendment has not been approved by a referendum, even though a Supreme Court bench ruled that the amendment should be referred to a referendum.

The petitioner pointed out that the amendment cannot be considered as a law because it has not been approved by a referendum and signed by the President.

Therefore, the petitioner had argued that it is wrong to continue to accept the 19th Amendment as a law.

(adaderana.lk)

Continue Reading

News

Sabry to visit Romania & Poland

Published

on

By

Foreign Minister Ali Sabry will pay official visits to Romania and Poland from 16 to 19 July 2024.  

According to a statement issued by the Ministry of Foreign Affairs in Colombo, he will meet with his counterparts and other senior government ministers and officials.

Minister Sabry will also formally open the new Sri Lanka Embassy in Bucharest which commenced operation in 2023.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved