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Teacher caught in pyramid scheme dies by suicide

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A sports teacher from Walasmulla, who was caught in a pyramid scheme operating on the internet, has died by suicide in the school sports room, police sources said.

The deceased was identified as 38-year-old Srinath Darshana, a father of two, who worked as a sports instructor at Kanumuldeniya Vidyalaya, Pallekanda North in Walasmulla.

The teacher has been missing since July 1, and the principal found his body inside the sports room while they were looking for him.

The Walasmulla Police removed the body after the principal informed them about the incident.

Police said a letter written by the teacher with a red pen was also found.

The teacher has invested a large amount of money in an illegal pyramid scheme for an attractive interest, and the police suspects that he may have died by suicide since he had not received the invested amount back.

The teacher had told a friend about a month ago that he had invested a large amount of money in a pyramid scheme and that he would have no option but to die by suicide if he did not receive any benefits.

The Walasmulla Police said that neither his wife nor his relatives knew that he had invested money in a pyramid scheme, and investigations are being carried out in this regard.

Police sources said that many people including police officers in the Hambantota area were caught in this illegal pyramid scheme.

Many people have lost the money they have invested and the police have received a number of complaints in this regard.

The Walasmulla Police are conducting investigations under the instructions of Senior Superintendent of Police in charge of Tangalle Division K.B. Keerthiratne.

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Sri Lanka Mirror wishes everyone a happy Sinhala and Tamil New Year!

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The 2024 Sinhala and Tamil New Year dawned at 09.05 pm last night (April 13).

‘Sri Lanka Mirror’ extends heartfelt New Year greetings to all our readers. May this upcoming year be filled with boundless happiness, prosperity, and success for each and everyone of you.

–  Sri Lanka Mirror team

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Derailed train causes delays on coastal line

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A train has derailed at the Kalutara South railway station on Saturday morning (13).

Trains operating on the Coastal Line are thus experiencing delays, Sri Lanka Railways said.

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Kristalina Georgieva to head IMF for a 2nd term

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The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024.

The appointment comes ahead of the start of the fund’s spring meetings in Washington next week.

Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.

In a statement, the coordinators of the Executive Board, Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah has said, “Looking ahead, the Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership. It recognizes her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing. The Board looks forward to continuing to work closely with the Managing Director.”

“I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term,” Ms. Georgieva has said.

The Bulgarian national has served as Managing Director since October 1, 2019. The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board. The Managing Director is assisted by four Deputy Managing Directors in overseeing the Fund’s operations, which serve its membership through about 3,100 staff.

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