Citizens’ movement petitions regulator against Continental Insurance Lanka Limited

by

in

Citizen Power Against Bribery, Corruption and Waste

No. 67, “Nandana,” Eluwila, Panadura. Tel No: 077-4741470
Date: 2025.12.19
To:

The Chairman,
Insurance Regulatory Commission,
11th Floor – East Tower,
World Trade Center,
Colombo 01.
Subject: Commencement of an investigation regarding the loss caused to the public and the government by Continental Insurance Lanka Limited.
Our organization kindly requests that you conduct a full investigation into Continental Insurance Lanka Limited, an insurance company that has allegedly defrauded the public of millions in compensation payments.
It is alleged that the company provided a bribe of Rs. 6,415,050.00 to D.H.L.W. Jayamanne, a former official at the Government Analyst’s Department, to obtain illegal reports intended to avoid paying insurance claims for public vehicles. This action resulted in illicit profits for the company while causing undue loss to both the government and the citizens.
The Commission to Investigate Allegations of Bribery or Corruption has already commenced an investigation and filed a court case. Consequently, the Deputy Chairman of the insurance company, Ganearachchige Chaminda Silva, and the Government Analyst, D.H.L.W. Jayamanne, have been remanded. Furthermore, Chief Executive Officer M.A.D.W.L. Laurance Perera and Lazarus Gunadasa have been released on bail.
In light of these frauds involving the non-payment of millions in compensation to the citizens of the Republic of Sri Lanka and the evasion of payments due to the government, we urgently request that you:
1. Suspend the insurance license of this company.
2. Initiate legal proceedings necessary to ensure compensation is paid to the affected citizens. Thank you,
(Signed)
Jamuni Kamantha Thushara
Chairman,
Citizen Power Against Bribery, Corruption and Waste


Latest News


  • Enhancing Trade with India: A Strategic Priority for Sri Lanka’s Risk Mitigation

    Enhancing Trade with India: A Strategic Priority for Sri Lanka’s Risk Mitigation

    FINANCIAL CHRONICLE – A former research expert from the Asian Development Bank has emphasized the importance of Sri Lanka increasing its trade with India to mitigate risks associated with the ongoing geopolitical challenges. Sri Lanka and India have a longstanding history of attempts to upgrade their 1998 Free Trade Agreement (FTA) into a more comprehensive

    Read more


  • Sri Lanka Central Bank Ready to Intervene Amid Rising Interest Rates: Governor

    Sri Lanka Central Bank Ready to Intervene Amid Rising Interest Rates: Governor

    Sri Lanka’s central bank had the option to intervene to lower rising short-term interest rates, but these rates decreased on their own before any intervention was necessary, according to Central Bank Governor Nandalal Weerasinghe. Last year, Sri Lanka’s interbank rates rose above the 7.75 percent overnight policy rate (OPR) as private credit increased up until

    Read more