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MCC IN SRI LANKA; LETTERS SENT WITHOUT AGS APPROVAL

MCC IN SRI LANKA; LETTERS SENT WITHOUT AGS APPROVAL MCC IN SRI LANKA; LETTERS SENT WITHOUT AGS APPROVAL Written by Share: Colombo (News 1st); Attorney General Dappula De Livera on Tuesday (19) advised the Secretary to the President that the MCC (Millennium Challenge Corporation) Compact & Programme Implementation Agreement, as well as the Articles of Association of MCA (Millennium Challenge Act), are inconsistent with Written Laws & the Constitution. The Attorney General in a 20-page report sent to Dr. P.B. Jayasundera, Secretary to the President had stated the observations made by the relevant government bodies and ministries as well as the report of the committee appointed by the Prime Minister were taken into consideration.

LankaWeb – Former ETI Finance directors remanded

Posted on January 9th, 2021 Courtesy Adaderana Former Directors of Edirisinghe Trust Investments (ETI) Finance Limited, who were arrested yesterday, have been remanded until the 12th of January. The order was delivered by Colombo Additional Magistrate Ruwan Nelumdeniya when the suspects were produced before courts today (January 09). Last evening, the Criminal Investigation Department (CID) arrested four former Directors of ETI Finance – Nalaka Edirisinghe, Jeewaka Edirisinghe, Anjalee Edirisinghe and Asanka Edirisinghe – acting on the directives issued by Attorney General Dappula de Livera. The suspects were taken into custody on charges of criminal misappropriation, cheating, money laundering and other offences. During today’s proceedings, Senior Deputy Solicitor General Haripriya Jayasundara told the court that the ETI Finance has defrauded deposits worth over Rs 13 billion.

LankaWeb – AG calls for criminal investigations against directors of ETI Finance, Swarnamahal Jewellers

LankaWeb – AG calls for criminal investigations against directors of ETI Finance, Swarnamahal Jewellers
lankaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankaweb.com Daily Mail and Mail on Sunday newspapers.

BOC says impact of its downgrading negligible

By Sanath Nanayakkare The Bank of Ceylon (BOC) is set to end the year on a positive note despite the economic downturn due to the Covid-19 pandemic and the recent downgrade of the sovereign and banking institutions in Sri Lanka, BoC informed the media yesterday. “The bank is winding up the year on a healthy note despite the stresses, posting the highest asset base of Rs. 2.9 trillion, highest deposit base of Rs. 2.3 trillion while maintaining its market leadership in Trade Finance, Treasury Operations including its more than 40% market share of Inward Remittances (US$2.5 billion). In addition to those, the Bank has maintained its market leadership in most of the spheres in the banking and finance arena”, BoC said.

PSC finally responds to AG s recommendation to take action – The Island

The Public Service Commission (PSC) has responded to the Attorney General’s recommendation that disciplinary action be taken against Deputy Solicitor General Azard Navavi and State Counsel Malik Azeez, who were entrusted with the file on National Thowheed Jamaat (NTJ) and its leader Zahran Hashim, for lapses in handling the case, the Presidential Commission of Inquiry (PCoI) investigating Easter Sunday attacks was informed yesterday. This was revealed when Attorney General (AG) Dappula de Livera’s Coordinating Officer, State Counsel, Nishara Jayaratne appeared before the PCoI. The commission prevented the counsel disclosing the PSC decision. A request by Shavindra Fernando, PC, who appeared for Navavi, to declare Jayaratne guilty of contempt of PCoI was rejected by a majority of the Commissioners.

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