Evidence before the Presidential Commission says critical coal specifications were altered between tender and contract – leaving Sri Lanka with US$1.575 million in excess payments […]
Category: Corruption
Son of former Sri Lankan President Mahinda Rajapaksa detained in connection with Airbus bribery scheme
FINANCIAL CHRONICLE – Namal Rajapaksa, an opposition member of parliament and son of former President Mahinda Rajapaksa, has been apprehended by Sri Lanka’s anti-corruption agency […]
Sri Lanka’s corruption watchdog contests revisions to the Anti-Corruption Law.
FINANCIAL CHRONICLE – Transparency International Sri Lanka (TISL), a prominent anti-corruption NGO, has raised concerns over the proposed modifications to the Anti-Corruption Act put forward […]
Sri Lanka Launches National Integrity Week to Tackle Corruption in the Public Sector
FINANCIAL CHRONICLE — Sri Lanka has officially designated July 27 to 31 as National Integrity Week, aiming to combat corruption within the public sector and […]
Sri Lanka’s Central Bank Enforces Rs.14.6 Million Fines on Major Companies for Regulatory Violations
FINANCIAL CHRONICLE – The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka has levied administrative fines totaling Rs. 14.6 million against 11 […]
The Airbus File Has Taken a Darker Turn
The investigation continues. One of its central figures does not. For years, the Airbus investigation has been one of Sri Lanka’s most significant corruption inquiries. […]
Sri Lanka’s President Investigates $1 Billion Capital Outflow Lacking Corresponding Imports Since 2023
Sri Lanka’s President Anura Kumara Dissanayake announced that an investigation is currently underway regarding the illicit transfer of approximately US$ 1 billion out of the […]
Sri Lanka’s anti-corruption chief demands asset and liability disclosures or risks legal consequences.
FINANCIAL CHRONICLE – The Director General of Sri Lanka’s anti-corruption agency has called upon all public sector officials and legally obligated personnel to disclose their […]
Sri Lanka’s CoPF interrogates Central Bank officials over regulatory failures in NDB scandal
FINANCIAL CHRONICLE – The parliamentary Committee on Public Finance (CoPF) of Sri Lanka interrogated senior officials from the Central Bank, including Governor Nandalal Weerasinghe, regarding […]
Who Audited the Auditors?
A potentially significant gap in the forensic audit into the Rs. 13.2 billion fraud at NDB Bank emerged before the Committee on Public Finance (COPF), […]
Former Sri Lankan President Interrogated Regarding Airbus Agreement Following Passing of Crucial Witness
FINANCIAL CHRONICLE – Former Sri Lankan President Mahinda Rajapaksa recently appeared before the nation’s anti-corruption authority to provide a statement regarding a contentious Airbus procurement […]
Ravi Karunanayake’s Letter to President AKD:
“Is This Merely a Fraud. Or Evidence of Systemic Failure?” Be that as it may, one of the most politically significant documents yet to emerge […]
Former SriLankan Airlines CEO Linked to Corrupt Airbus Transaction Discovered Deceased
FINANCIAL CHRONICLE – Authorities in Colombo reported the death of Kapila Chandrasena, the former CEO of SriLankan Airlines and a primary suspect in a controversial […]
Former SriLankan Airlines CEO linked to Airbus corruption case discovered deceased
FINANCIAL CHRONICLE – In a troubling development, Kapila Chandrasena, the former CEO of SriLankan Airlines and a primary suspect in a corrupt Airbus transaction, was […]
Sri Lanka’s anti-corruption agency detains military members for allegedly accepting bribes from a former official.
Sri Lanka’s Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has announced the arrest of a current military member suspected of accepting a bribe […]
In-Depth Analysis: Controversial Coal Agreement in Sri Lanka Leads to Energy Minister’s Resignation
FINANCIAL CHRONICLE – In a significant development that has rocked Sri Lanka’s political arena, Energy Minister Kumar Jayakody has resigned amid allegations concerning a coal […]
