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 sentences former tax officer to102 year suspended jail term for VAT fraud
Thu, May 8, 2014, 07:30 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 08, Colombo: A Sri Lankan court today hands over a 102 year suspended jail term and imposed a fine of Rs. 11.98 billion to a former Deputy Commissioner of the Inland Revenue Department over a VAT fraud.

The Colombo High Court today sentenced the former Deputy Commissioner of the Inland Revenue Department Gunasiri de Soyza Jayatillake to a 102 year suspended jail term to be served for three years court after he was found guilty in the case.

The multi-billion rupee Value Added Tax (VAT) fraud has taken place in the country from November 2002 to April 2004.

During the period, the suspect was involved in a fraud where the VAT branch of the Inland Revenue Department has allegedly made unlawful refunds to non-existent companies and defrauding funds amounted to Rs. 3.99 billion. He had pleaded guilty to the charges against him.

ColomboPage - Recent 10 Stories
Australian assistance to establish clinical waste management systems in Sri Lankan state hospitals
-- [57 minutes ago]
Indian fishers appeal central government to get fishermen released from Sri Lanka custody
-- [2 hours ago]
Another victim of shooting at Sri Lanka election rally dies
-- [3 hours ago]
American Center in Colombo hosts seminar on labor rights in garment industry
-- [4 hours ago]
Veteran Sri Lankan cricketers appointed as brand ambassadors for National Kidney Fund
Sri Lanka plans to achieve an economic growth beyond 8 percent next three years
Sri Lankan government to establish a standard for imported fertilizers
Catholic Bishops urges Sri Lankans to choose worthy candidates
Van rams into UPFA Minister's supporters killing one
UN to provide an assistance package to Sri Lanka on the request of Northern Province CM

Copyright © 2000, 2014 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.