Sri Lanka’s President to probe irregularities in the stock market

Mar 10, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed a commission of inquiry headed by Supreme Court Justice Priyasath Dep to probe corruption and abuse of power, president’s media said.

The newly set up commission will probe into matters including illegal acquisition of lands, irregularities in the stock market and the handling of money in the Employees’ Provident Fund.

The terms of reference of the commission are to be announced this week. The President’s commission is to function in addition to the anti-corruption committee headed by Prime Minister Ranil Wickremesinghe.

The other members of the commission are Supreme Court Judge Anil Gunaratne, High Court Judge Gihan Kulathunge, retired Auditor General Sarath Mayadunne and retired Additional Solicitor General Aiyathurei Gnanadasan.

(Updated)