Sri Lanka Brief


  • Colombo bourse needs a full revamp: Daysasiri .

    UNP Kurunegala District parliamentarian Dayasiri Jayasekara speaking to the Daily Mirror online today said that the stock market is run by a mafia with black money. “The stock exchange is completely dominated by a few people who are investing their illegal money into the system and at the end of it all they make their […]

  • Jagath Pushpakumara’s thugs takeover Sevanagala Sugar Factory

     (Srilankamirror) – The Sevanagala Sugar factory, owned by Daya Group of Companies, has been illegally taken over and occupied by thugs employed by Coconut Development Minister Jagath Pushpakumara, said the Group’s media unit in a statement. The Group said in the statement, this illegal and forced takeover has taken place amidst a government move to table […]

  • Sri Lankan military takes over three stadiums

    ESPNcricinfo staffThree of Sri Lanka’s international venues, including the newly built stadiums in Pallekele and Hambantota, have been handed over to the military indefinitely because Sri Lanka Cricket is unable to afford the maintenance costs.The R Premadasa stadium in Colombo – redeveloped for the World Cup earlier this year – is being taken by the […]

  • Sri Lanka state entities making losses; ruined by political meddling: report

    (LBO) – Sri Lanka’s state entities have been badly hit by the appointment of unqualified persons to top positions and while annual accounts were not available for some, a media report said.   “The appointment of unqualified people to top management posts on political grounds and the lack of financial and administrative disciplines had ruined many […]

  • UNP lambastes govt. plan to take over loss incurring private ventures

    The UNP yesterday lashed out at the government for a controversial move to rush through a Bill titled ‘Revival of Underperforming Enterprises and Underutilized Assets’.The UNP has alleged that the Rajapaksa administration is playing politics with the national economy.In a letter to Speaker Chamal Rajapaksa, Chief Opposition Whip John Amaratunga has warned that some provisions […]

  • Bharatha killing, drugs and CSE ‘linked’

    There seems to be a link between Colombo Stock Exchange (CSE), illegal drugs and the recent murder of a presidential advisor, says the owner of a private media network. Shan Wickramsinghe, the owner of the TNL media network, told BBC Sandeshaya that he received death threats after his network discussed the alleged link in a […]

  • Billion of rupees wasted from online lottery

    In another glaring instance where public money has been wasted due to corruption, the country has lost a massive Rs.983 million as a result of an investment made in a Norwegian company a few years ago for an online lottery, the parliamentary Committee on Public Enterprises (COPE) has revealed.The lottery had been introduced during 2002-2004 […]

  • Pay moreattention to campaign expenditure and election regulations – PAFFREL Report

    ”Political parties should pay more attention to addressing campaign expenditure regulations, and to abide by the laws disclosing assets of elected officials. Political parties, police officers and voters seem to be largely unconcerned about the violations of the prevailing laws and regulations that govern publicity and elections. ”PAFFREL issues Election Day reportPAFFREL in its report […]

  • Court summons investigators in Sudarman Radaliyagoda case

    Courts have summoned the investigating officers in the scrap iron case against ITN journalist Sudarman Radaliyagoda. Colombo additional magistrate Tikiri Jayatilake today (Oct. 03) ordered all officers, past and present, who had probed the charge against Radaliyagoda to be present on October 17.  The court was told that the investigation was first handled by Colombo Fraud […]

  • Regimes in Sri Lanka, Maldives, forge questionable alliance

    Maldivian Vice-President Dr Mohammed Waheed, meeting Mahinda Rajapaksa over the weekend at the UN General Assembly Sessions, assured the latter of the support of Male to Colombo’s stand on its human rights issues, according to Maldivian media Haveeru, Tuesday. “Early this month Maldivian President Mohamed Nasheed defended Sri Lanka’s position at the UN Human Rights […]

  • ‘What we have now is plain and utter corruption’

    ”These new regulations enforce an equal chilling of freedom of expression and information and constraints on general liberties. What is the practical and legal justification for this? And when we talk of post rehabilitation detainees being monitored, is this accompanied by intimidation or threats ”Kishali Pinto Jayawardene  A State has an undoubted duty as well […]

  • Prime Minister Spends Millions For Wedding and Homecoming Invitations

    Prime Minister D. M. Jayaratne is believed to have spent approximately Rs. 3.6 million for his son’s wedding and homecoming invitations. These invitation cards manufactured using crafted wood and brass that depicts the sun and the moon were purchased from Da Vinci Digital Imaging, a well known up-market personalised wedding stationery designer store. According to sources […]

  • Auditor General Issues Damning Report On Cash Strapped CPC

     ■COPE calls for explanation from CPC  Mandana Ismail AbeywickremaA damning report by the Auditor General’s Department on the position of the Ceylon Petroleum Corporation (CPC) in 2009 has highlighted many irregularities in the cash strapped government institution. The Auditor General’s report has been handed over to the Parliamentary Committee on Public Enterprises (COPE) for further inquiries. COPE […]

  • Bad petrol loss Rs.410 Mn: Culprits go scot free

    Zacki JabbarDespite the committee that probed the CPC’s import of sub standard petrol, recommending the recovery of the loss of around Rs.410 million from those responsible including the supplier, no action has been initiated, the UNP said yesterday.Media spokesman of the UNP Gayantha Karunathikalle, told a news conference in Colombo that Petroleum Industries Minister Susil […]

  • More shocking scams at CEYPETCO

    The Auditor General in a highly critical report has drawn the attention of the parliamentary Committee on Public Enterprises (COPE) as to how the top management of the Ceylon Petroleum Corporation (CEYPETCO), one of the major semi government institutions which is in deep financial trouble had among other financial misdeeds misappropriated funds, made false tax […]

  • CEYPETCO plunged into huge losses

    Sandun A. JayasekeraThe Ceylon Petroleum Corporation (CEYPETCO) has run into a staggering loss amounting to Rs. 27.21 billion in the first half of this year alone against a loss of Rs. 26.9 billion for the entire 2010, according to a the COPE exposure, a Parliamentary source said yesterday.This comes amidst CEYPETCO’s struggle to recover a […]

  • PSC can’t probe my actions: Ex- CJ

    “I retired 2 years ago; I am a free citizen now”L.B.SenaratneFormer Chief Justice Sarath N. Silva said he could not be brought before a Parliamentary Select Committee (PSC) as he retired from service two years ago and that the President himself had given him a letter of commendation for his distinguished service in the Judiciary […]

  • Chinese pay bribes to win Hambantota contracts: Wikileaks cable .

    A US embassy cable just leaked by whistleblower Wikileaks has revealed that the US believed Chinese were bribing Sri Lanka officials to win contracts, especially those related to mega development projects in Hambantota.“It is likely that corruption and political patronage are significant factors playing into the focus on Hambantota.  Often when Chinese companies win contracts, […]

  • After petrol, a big cement scandal Read more >

    After petrol, a big cement scandal

    Contractors warn buildings could collapse because of low-quality stocks Chris Kamalendran Hard on the heels of contaminated fuel that ruined over two thousand motor vehicles, a large quantity of cement imported from Pakistan by the Sri Lanka National Co-operatives Board has been surreptitiously released to the market without quality certification, the Customs revealed yesterday.The Customs […]

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