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US District Court rejects motion filed by GoSL

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A DIstrict Court in the United States has denied a motion by the Sri Lankan Government to dismiss a lawsuit brought by Hamilton Reserve Bank following the default by Sri Lanka on a sum of more than USD 257 million of bonds and interest that Hamilton had invested in.

Following the court order, the case will proceed to decide on whether the Sri Lankan Government must pay the outstanding amount.

Meanwhile, the experts pointed out that there is a risk of acquiring foreign assets of Sri Lanka if a foreign court decides against the Sri Lankan Government in a debt-related case.

They said that the seizure of a vessel belonging to Argentina in a port in Ghana in 2012 is an example.

The vessel was seized following a lawsuit filed by an American company in a Ghanaian Court regarding an incident of Argentina’s debt default.

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9 including Keheliya remanded again

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The nine suspects of the substandard human immunoglobulin import scandal, including former Health Minister Keheliya Rambukwella, have been further remanded until April 08.

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Fire at tyre shop in Grandpass

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A fire has reportedly broken out at a tyre shop located near Armour Street in Grandpass, Colombo.

The Colombo Municipal Council (CMC) fire brigade had dispatched 05 fire engines to help douse the flames.

A severe traffic congestion is reported in the area.

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Uddika Premarathna returns to SL

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Former MP and actor – Uddika Premarathna has returned to the island, reports say.

According to reports, he has arrived in Sri Lanka today (28) morning with his family on an Emirates flight.

Mr. Premarathna’s sudden resignation from parliament and his subsequent departure had raised speculations of him applying for political asylum. However, he had rejected these claims. Speaking to a local YouTube channel that he had not sought political asylum in Canada as reported and that he was expecting a work visa.

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