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Saturday April 20th, 2024

Former top sleuth Shani Abeysekara allegedly planted evidence – Police spokesman

Former CID Director Shani Abeysekara

ECONOMYNEXT- Former CID Director SSP Shani Abeysekara was arrested this morning by the Colombo Crime Division (CCD) for allegedly creating false evidence relating to a case against former DIG Vass Gunawardane and several other people, Police said.

Police Media Spokesman SSP Jaliya Senaratne told reporters in Colombo today July 31 that the incident related to investigations which had been conducted in 2013 when the CID received a complaint that several people including former DIG Vass Gunawardena had used weapons to commit crimes which they kept in their possession.

Senaratne said that based on the investigations done regarding the complaint the CID had arrested a total of 8 people including the wife, son and a relative of the former DIG Gunawardane and was presented before the courts.

Former CID Director and other 2 investigation officers at the CID had found the weapons relating to the complaint in a shed of a house in Kalagedihena, Gampaha following a statement by a Police Inspector who was arrested by the CID regarding the case.

Upon presenting the weapons to the Gampaha Magistrate Courts the two CID officers and the owner of the house in which the shed was located and his wife testified before the Magistrate regarding the finding of the weapons.

The weapons include six T-56 assault rifles, a revolver, two pistols, 11 used 9mm bullet casings, 303 8.5 mm bullets, 215 7.62 mm bullets, 4 0.38 mm bullets, 4 12 Bore guns and a few other weapons.

But in presenting further reports on this matter to the courts the magistrate has ordered to name the two officers and the couple as suspects and present them to the courts.

After that based on the advice by the Attorney General, the two police officers were arrested on June 1 and 2 this year and was presented before the courts, the owner of the house and his wife also presented before the courts on June 11.

Later when the facts were presented to the AG about the incident it was decided to release those 4 suspects as those suspects had said to the courts when they were presented that the former CID director has brought the weapons at that instance and placed them in the shed and had presented them as they were found at that moment.

Based on giving a statement which was different from the first instance before the Magistrate the acting IGP instructed the CCD on June 24 to launch an investigation into it.

After a detail investigation by the CCD, they had found out that these weapons were found in a different way than mentioned in the first instance before the Magistrate and they had allegedly fake their findings and presented them to the courts, Senaratne said.

The Police Spokesman said that CCD is currently recording a statements from the Former CID Director and he would be produced before the Gampaha Magistrate Court later. (Colombo/July31/2020)


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Sri Lanka discussing giving extra land, water for Chinese oil refinery

ECONOMYNEXT – Sri Lanka is in discussions with China’s Sinopec to give extra land and assure water supplies after the company decided to expand the capacity of a planned oil refinery in Hambantota, Energy Minister Kanchana Wijesekera said.

“There are concerns on how the water supply is going to be provided for the refinery,” Minister Wijesekera told reporters Friday.

The refinery will need more land and also revise conditions in a Board of Investment agreement, he said.

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Sinopec to double capacity of new refinery in Sri Lanka’s Hambantota

Recommendations and decisions from Sri Lanka’s side had already been sent and Sinopec is expected to revert back in May.

“We are hoping to sign the agreement once everyone has agreed,” Wijesekara said.

The principle agreements are expected to be signed by June, he said.

The refinery could sell up to 10 percent of its output in the domestic market.

“There is no commitment by the government to purchase anything,” Minister Wijesekera said. (Colombo/Apr19/2024)

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Sri Lanka rupee closes weaker at 302.00/50 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 302.00/50 to the US dollar in the spot forex market on Friday, down from 301.50/302.00 a day earlier, dealers said.

There was increased demand for dollars after the central bank bought 715 million dollars from forex markets. In the previous two months it was buying on average about 200 million US dollars, leaving market participants and bank in a ‘oversold’ position.

There were some official dollars sales Friday dealers said.

READ Sri Lanka rupee quoted wide to US dollar as peg inconsistencies flare up

Bond yields were broadly steady.

A bond maturing on 15.12.2026 closed at 11.30/40 percent down from 11.35/40 percent.

A bond maturing on 15.09.2027 closed at 11.95/12.05 percent up from 11.90/12.05 percent.

A bond maturing on 15.12.2028 closed stable at 12.15/25 percent.

A bond maturing on 15.09.2029 closed stable at 12.30/40 percent.

A bond maturing on 01.10.2032 closed stable at 12.40/50 percent. (Colombo/Apr19/2024)

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Sri Lanka stocks close down, banks trade down

ECONOMYNEXT – The Colombo Stock Exchange closed down on Friday, data on its site showed.

The broader All Share Index closed down 0.38 percent, or 44.80 points, at 11,753; while the S&P SL20 Index closed down 0.53 percent, or 18.46 points, at 3,456.

Turnover was at 1.4 billion. The diversified financials (Rs366mn) and banks (Rs266mn) sectors continued to see selling pressure.

“This was possibly due to uncertainty around the bond discussions,” market participants said.

With the exception of Sampath Bank Plc (up at 77.50) all other banks traded down in the day. Commercial Bank of Ceylon Plc was down at 104.50, Hatton National Bank Plc was down at 188.50, and DFCC Bank Plc was down at 77.00.

LOLC Finance Plc saw the most trades and closed up at 6.40. Another LOLC company, Browns Investments Plc, also saw high traded volumes and closed up at 5.60.

Softlogic Capital Plc was up at 7.00, and Softlogic Holdings Plc was up at 11.20. A trading suspension imposed on SHL.N0000 was lifted effective today as the company submitted the annual report for the year ended 31st March 2023.

However, shares of the Company will remain in the Watch List “due to Qualified Audit Opinion and Emphasis of matter on going concern in the Independent Auditor’s Report in the Audited Financial Statements for the year ended 31st March 2022.”

Dialog Axiata Plc, which announced its merger with Bharti Airtel Thursday, saw its share price close up at 11.90.

“There was some traction on index heavyweights,” market participants pointed out.

Top contributors to the APSI included Aitken Spence Plc (up at 134.50), Ceylon Tobacco Company Plc (up at 1,245.25, and Lion Brewery (Ceylon) Plc (up at 1,048.50).

There was a net foreign inflow of 5 million. (Colombo/Apr19/2024)

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