Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan court postpones FR petition on Greek Bond till next year
Fri, Nov 30, 2012, 02:14 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 30, Colombo: Sri Lanka Supreme Court has postponed the fundamental rights (FR) petition filed against the Governor of the Central Bank over the controversial investment in Greek Bonds till next year.

The petition filed by main opposition United National Party (UNP) parliamentarian Sujeewa Senasinge will be taken up on February 13th.

The petitioner says the investment in Greek bonds has been carried out at the behest of the respondent in an arbitrary manner with callous disregard to the citizenry of Sri Lanka and with corrupt and malicious intent of personal gain.

The government in 2011 has lost US$ 6.6 million from the investment in Greek bonds. The Central Bank however, said the investments in Greek Bonds were a small fraction of its total Europe portfolio and the loss of the Greek bonds was comfortably offset by higher returns from other investments.

Meanwhile, main opposition United National Party (UNP) parliamentarians Ravi Karunanayake and Sujeewa Senasinghe have lodged complaints with the Commission to Investigate Allegations of Bribery and Corruption to probe into the alleged irregularities that had taken place in the purchase of Greek Bonds.



ColomboPage - Recent 10 Stories
Delimitation Review Committee hands over final report to Minister
-- [9 hours ago]
Sri Lanka, Iran sign agreement to cooperate on laboratory analysis for oil and gas
New computerized system implemented to discharge merchant navy certificates
India funds post of Hindi Professor at Sri Lanka's University of Kelaniya
Sri Lanka is making its contribution to the economic integration in South Asia - Prime Minister
Sri Lankan signs US$125 million credit with World Bank to modernize agriculture
Sri Lankan government vehemently rejects media reports of pre conditions to GSP+
Sri Lanka urges APTA member states to expand trade, investment and economic integration
John Keells Holdings files its first patent related to novel energy storage material
Tamil Tiger fundraiser losses battle to stay in Canada as federal court upholds deportation order

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.