Legal

Racket Busting

Treasury Secretary Dr. P B Jayasundera says the government is formulating new laws to stop international racketeers from using local financial markets to …

KillerQuest

Unidentified gunmen failed in a late-night quest this week, to kill the top customs official who is heading the revenue fraud investigation in the import of …

Soft Pillow

The government says it is working on US styled Chapter 11 bankruptcy laws to resuscitate ailing firms.The fresh laws will cover sole traders and partnerships, …

Holy Battles

ldblquote The proposed legislation is a violation of human rights, dblquote Head of the Legal Division, Centre For Policy Alternatives (CPA), Rohan Edrisinha …

Top Gear

Central Bank is to take action against 4000 pyramid promoters who had fraudulently helped send nearly US$ 7 million out of the country in the in the first …

Fraud Advice

The Fraud Bureau has sought Attorney General’s advice on how to proceed with the GoldQuest case, after the Controller of Exchange who is conducting a …

Dead End?

Sri Lankas public utilities need regulating, the regulatory body is manned, trained and ready to go but has nothing to regulate.The Public Utilities Commission …

Land Lock

Expats buying land here will be charged a 100% tax, with a committee appointed to recommend action for new land sales and real-estate already sold. The …

Warning Bells

The Securities watchdog on Wednesday threatened legal action against members firms who promote pyramid schemes as potential investments.The watchdog says it …

New Probe

Customs is investigating how GoldQuest Tracking Centre Owners (TCOs), who popularise the scheme, paid only Rs. 3,000 in taxes and duty for the Rs. 80,000 plus …

Pyramid Promise

Finance Ministry says it will try to expedite anti-pyramiding legislation drafted by the Central Bank, through parliament. Finance Ministry says it will try to …

Red Alert

Sri Lankas police and customs have been ordered to seize Buddha Bar music and bikinis with Buddha images, officials said Thursday.rnState Attorney Nihal …

Flash Dance

A Sri Lankan convict who joined his prisons dance troupe escaped when his jailers took him to perform at a Buddhist temple, an official said Friday.The …

Dressing Down

A restaurant in Sri Lanka which served a vegetable roll with a cotton dressing for a wound was fined Rs. 5,000 and warned to improve its hygiene, a press …

Illiterate Cop

Sri Lankas Supreme Court is to investigate a complaint from a man of the tiny indigenous community that police violated his rights by stopping him from using …

Comeback

A draft Companies Act, thrown out by the former Government will be brought back to replace the 1980s piece of legislation governing businesses in Sri …

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