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Daily Archives: February 2, 2018

Allianz to acquire Janashakthi General Insurance in Sri Lanka

Allianz, the global financial services leader, today announced that it has entered into an agreement with Janashakthi Insurance PLC (“JINS”) to acquire 100% of its subsidiary Janashakthi General Insurance Limited (“JGIL”) for LKR 16.4 billion (EUR 85.9 million). The transaction is subject to regulatory approval and is expected to complete …

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Man arrested for attempt to bribe Beruwala OIC

A suspect has been arrested for attempting to bribe the officer-in-charge (OIC) of the Beruwala Police Station. He had allegedly attempted to bribe the police officer with Rs 25,000 in order to release a van in custody over cattle theft. The 35-year-old resident of Beruwala was arrested by police while …

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Mahendran, Aloysius and Palisena named suspects in bond scam

The Colombo Fort Magistrate’s Court today named former Central Bank Governor Arjuna Mahendran, his son-in-law Arjun Aloysius and former Perpetual Treasuries CEO Kasun Palisena as suspects in the CID’s investigation into the bond scam case. The Criminal Investigations Department (CID) today filed its first ‘B Report’ in court over the …

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HC rejects Gotabaya’s petition

The Colombo High Court today rejected the petition filed by former Defence Secretary Gotabaya Rajapaksa seeking to discharge him from the Avant-Garde case. The Bribery Commission had filed a case against 8 defendants including Rajapaksa accusing them of causing Rs. 11.4 billion in losses to the government by allowing Avant …

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All corrupt politicians would be held accountable – PM

All corrupt politicians, past and present, would be held accountable for their actions, Prime Minister Ranil Wickremesinghe told a UNP Local Government Election rally in Gampaha, on Tuesday.   He said the difference between the current National Unity Government and previous Rajapaksa regime, was that the yahapalana had not hesitated to investigate …

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