Notable
The scam marks one of the most sophisticated, long-running insider financial crimes in Sri Lanka's corporate history
Total from the both frauds comes to more than US$500,000
Former SriLankan CEO was given US$2mn as bribe in 2013, UK court found
In a March affidavit Kapila Chandrasena said he was threatened to "be forced to hang"
Says some amendments threaten transparency, accountability, and public trust by undermining the asset declaration regime
Transparency International Sri Lanka (TISL) has urged the government to withdraw proposed amendments
Proceeds of Crimes Act is expected to recover stolen assets from those who had involved in corruption, misappropriation
Sri Lanka's anti-graft efforts have failed due to no willingness from political leaders in addressing the issue
The IMF-backed act will help Sri Lankan authorities to go after suspected corrupt people with asset tracing
Former SriLankan CEO, his wife arrested in 2020 after UK authorities found Airbus bribing $2 mln
The NPP government in its manifesto promised an independent prosecution office
Sri Lanka's third evaluation has been postponed by one year to March 2026.
President has promised to bring back all stolen assets during the past governments
The country has already fallen in grey list twice.
The new Anti-Corruption Act was enacted after negotiations for $2.9 bln IMF bailout package
Sri Lanka has already fallen into FATF grey list twice
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Sri Lanka private sector functions as supply side for corruption - report
US State Department imposed sanctions on Udayanga Weeratunga & Kapila Chandrasena for alleged corrupt deals
Sri Lanka will revise its draft Proceeds of Crime bill, Health and Media Minister Nalinda Jayatissa said.
Sri Lanka has seen worsening of corruption and bribery in last two decades
Cabinet spokesman has promised to review all projects after Nov 14 general elections
New government has promised to end corruption in the country
Applications called for Director General to Commission to Investigate Allegations of Bribery or Corruption
Corruption is seen as one of the key barriers for Sri Lanka's economic prosperity
New government has vowed to take legal action against those involved in bond scam
Dissanayake, JVP have accused Rajapaksa of hiding stashed money in foreign countries
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