The Financial Crimes Investigations Division (FCID) has commenced investigations into a transaction which resulted in the ordering of two ships from a Chinese agent in 2013.
Initial investigations revealed that the ships had been purchased at over 15 million rupees beyond the estimate. Both ships had cost the Government 70 million US dollars.
Investigations also had revealed that the Chinese agent had conducted transactions worth over 2000 million rupees with Sri Lanka between 2013 and 2015. The agent had also had a personal relationship with the Secretary of the Naval and Highway Ministry of the time, Ranjith Premasiri with whom several messages had been communicated. The FCID said that they intend obtaining a court order to check the bank accounts of the Chinese agent.
Sri Lanka possesses a strong foundation for a digital economy, with 75 percent of the…
The Sri Lanka Foreign Employment Bureau (SLFEB) has announced its target of facilitating foreign employment…
Police have arrested a 23-year-old suspect involved in a series of thefts at the World…
A 37-year-old person from Kandy allegedly involved in a racket of selling train tickets to…
Sri Lanka must focus on attracting more private sector investment to maintain its hard-earned macroeconomic…
Sri Lanka’s rugby community mourned the passing of a stalwart of the game Yu Cey…