Dubai account of Sri Lanka VVIP son not frozen: report
ECONOMYNEXT – Sri Lanka has not been able to freeze a Dubai bank account of a son of a VVIP on the last regime as courts in the county has turned down a request from the government, a media report said.
Colombo-based The Sunday Times newspaper said objection had been raised during a court hearing in the Emirate last week, that there were no legal proceedings in Sri Lanka to establish fraud.
Dubai is a financial centre where banking secrecy is upheld.
Government spokesman Minister Rajitha Senaratne said earlier in the week that eight accounts connected to members of the last regime had been found in Dubai but details were not being revealed as it may hamper investigations.