Film Reaction

COLOMBO, June 15, 2011 (AFP) – Sri Lanka on Wednesday denied it targeted civilians while crushing Tamil Tiger rebels but said action would be taken if war crimes allegations contained in a new British documentary were true. The Sri Lankan High Commission in London said images shown on Channel 4 on Tuesday night had not […]

Pension Fracas

June 11, 2011 (LBO) – The International Monetary Fund had “nothing to do” with a controversial ‘pension’ plan for Sri Lanka’s private sector workers involving a third forced savings scheme, an official said. Rulers, a handful of their close associates can get a pension after only five years in office under a law passed by […]

Blanket Cover

June 4, 2011 (AFP) – Sri Lanka’s military tightened security ahead of the funeral Saturday of a protester killed while demonstrating against a controversial pensions bill earlier in the week, officials said. Authorities blocked large gatherings of mourners at the home of slain factory worker Roshen Ratnasekera, witnesses said, adding that troops had also shifted […]

Pension Doubts

June 01, 2011 (LBO) – Sri Lanka’s main opposition has cast doubts on claims that a lifetime pension exceeding the contributed balance, will be paid through a controversial proposed pension plan for private citizens. “There is no way that the Government can make lifetime monthly pension payments via the proposed Private Sector Pension Scheme,” opposition […]

Step Down

June 01, 2011 (LBO) – Sri Lanka’s police chief has resigned over the shooting of protestors who opposed plans to build a pension fund by deducting more money from private sector workers who are already contributing to two state managed funds. A government statement said Inspector General Mahinda Balasuriya has decided to “tender his retirement” […]

Boot Camp

May 21, 2011 (AFP) – Sri Lanka’s Supreme Court has suspended a government plan to make military training compulsory for students who qualify for university education, an official said Saturday. The top court late Friday ordered the education ministry to delay implementation of the training programme until a ruling is made on a legal challenge […]

Internal Inquiry

May 4, 2011 (AFP) – The United States called on Sri Lanka Wednesday to bring to justice anyone responsible for war crimes committed as the island crushed a decades-long insurgency. US diplomat Robert Blake said Colombo should carry out its own investigation into allegations contained in a United Nations report of atrocities during the 2009 […]

Second Round

May 4, 2011 (AFP) – The jury in the Wall Street insider trading trial of hedge fund founder Raj Rajaratnam was ordered Wednesday to restart deliberations from scratch after one juror had to be replaced. Judge Richard Holwell instructed the jury that after one of their members had to be replaced for medical reasons, the […]

Jury Delay

NEW YORK, May 2, 2011 (AFP) – Jury deliberations in Wall Street’s biggest insider trading trial for a generation will be suspended for a day, a judge ordered Monday, as the wait for a verdict entered its second week. Judge Richard Holwell in New York federal court said deliberations would resume Wednesday after pausing “in […]

Probe Order

May 2, 2011 (AFP) – Sri Lanka’s sports minister on Monday ordered a police inquiry into match-fixing allegations levelled by former international captain Hashan Tillakaratne. Tillakaratne, who played 83 Tests and 200 one-dayers during a 15-year career, said last week that Sri Lankan players had been involved in match-fixing since 1992 adding that he was […]

Galleon Case

NEW YORK, April 25, 2011 (AFP) – A jury began deliberating Monday in Wall Street’s biggest insider trading court case in years, targeting Galleon hedge fund founder Raj Rajaratnam, accused of profiting from insider information. Federal Judge Richard Holwell instructed jurors to use “fairness and impartiality” and said they are “the soul” of the case. […]

Galleon Trial

NEW YORK, April 21, 2011 (AFP) – The jury in Wall Street’s biggest insider trading court case in a generation was due to start deliberating Monday after the conclusion of a seven-week trial. The defense for Galleon hedge fund founder Raj Rajaratnam completed its case in New York federal court Thursday by saying the government […]

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