Bond Scam News Today

A top Vietnamese luxury property tycoon was sentenced to eight years in prison, state media said Wednesday, after he was accused of cheating thousands of investors in a $355 million bond scam.

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Nine leading liquor manufacturing companies in Sri Lanka will get their license suspended, if they fail to settle a massive tax arrears of Rs.6.2 billion

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May Day rallies turned certain parts of Colombo red, blue, and one venue yellow spotted. Much hot air emanated from human bodies crowed together but settled down with chairs provided. More hot air emanated from throats shouting into mikes. Most venues had elaborate facades created on red carpeted platforms and entertainment provided with dance and […]

Presents private member’s Bill to amend EPF law Tamil National Alliance (TNA) MP M.A. Sumanthiran presented a private member’s Bill to the Bills Office to amend the Employee Provident Fund Act No. 15 of 1958 (as amended) this week. He said that his Bill comes at a time when the country needs to seriously undertake […]

APPRECIATION By Dr D. CHANDRARATNA The 30year war against the LTTE rebel group will undoubtedly be recorded by future historians as one of the most turbulent periods in the history of our country. Fortunately, it also brought out a group of public intellectuals from within the professions into a non-political arena, to counter the sinister […]

Share: Colombo (News 1st); A Trial-at-Bar on Wednesday (17) ordered to remand 08 suspects with respect to the 2016 March Bond Scam until the 23rd of March 2021. The matter was called up in the presence of High Court Judges D.Thotawatta, Manjula Thilakarathne & M. Irsadeen. Senior Deputy Solicitor General Haripriya Jayasundara strongly opposed granting bail to the accused and the bench accepted the objections and ordered for the accused to be remanded. On Wednesday (17) morning, Attorney Gener...

Share: Colombo (News 1st); The government continues to maintain that a scam did not take place when importing sugar to the country, Chairman of the Committee on Public Finance Anura Priyadarshana Yapa told reporters on Wednesday (17). “The import tax on multiple commodities including sugar was reduced to 25 cents in October 2020, and it remains unchanged because the government wants a considerable period to reduce prices,” he said. If the tax which was reduced to 25 cents was increased to...

Posted on February 18th, 2021 Courtesy Adaderana The Chief Justice has appointed two Trial-at Bars for the hearing of the Bond Scam cases involving the two Treasury Bond Auctions in March 2016. The Attorney General requested for a Trial at Bar for the case on February 11, 2021, to try former Finance Minister Ravi Karunanayake, former Governor of Central Bank Arjuna Mahendran, Arjun Aloysius, and 07 others with regard to the relevant trial. Subsequently, on February 15, ...