Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan Court grants bail to husband of former chief justice
Thu, Feb 28, 2013, 08:39 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 28, Colombo: A Sri Lankan court today granted bail to the former Chairman of the National Savings Bank (NSB), Pradeep Kariyawasam, who is the husband of impeached chief justice Dr. Shirani Bandaranayake.

Colombo Chief Magistrate Rashmi Singappuli released Kariyawasam on two personal bails of Rs. 10 million each.

The former Chairman of National Savings Bank is charged of illegally and intentionally causing loses to the bank when NSB purchased The Finance Company shares.

The Bribery Commission has filed legal action against Kariyawasam for alleged corruption in a transaction where the NSB purchased The Finance Company shares at an inflated price in April 2012.

The charges against Kariyawasam involve acquiring over 7.86 million shares of The Finance Company for over Rs 391million. The NSB has purchased 13.02 percent stake of The Finance Company at Rs. 49.74 a share when the market price was around Rs.30-31 a share.

Following the controversy over the share transaction, Kariyawasam resigned from the chairman post at NSB.

The courts permitted the Deputy Solicitor General Suhada Gamlath to amend the charge sheet against Kariyawasam.

The court ordered Kariyawasam to surrender his passport and the case was postponed to April 26.

Attorneys at Law Saliya Peiris and Upul Kuamarapperuma appeared for the accused.



ColomboPage - Recent 10 Stories
Sri Lanka conveys condolences to families of the passengers on Air Algerie flight
-- [5 hours ago]
Both ruling and opposition parties are responsible for public welfare, Sri Lankan President says
-- [6 hours ago]
No deaths of Indian fishermen in Sri Lankan waters since 2011
-- [6 hours ago]
Norwegian support for post-graduate programs at Sri Lanka's Peradeniya University
-- [8 hours ago]
Major rift in Sri Lanka government doctors' union
-- [9 hours ago]
Maternal deaths in Sri Lanka's Northern Province reduced dramatically
-- [9 hours ago]
International experts advising Sri Lanka's Missing Persons Commission to arrive next week
Sri Lankan government reduces taxes on imported grains and lentils
British authorities arrest Sri Lankan couple for visa application fraud
Sri Lankan government to amend Tea Act to impose hefty fines on unscrupulous tea traders

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.