Speed

August 12, 2010 (AFP) – Sri Lankan police arrested three Iranian men and seized a haul of methamphetamine with an estimated street value of tens of millions of dollars, a spokesman said Thursday. Two men travelling from Qatar were arrested Wednesday when customs officers at the island’s international airport found more than eight kilos (17. […]

Creative Assets

Aug 08, 2010 (LBO) – Managements of Sri Lankan companies could be held liable for any violations of intellectual property in their organisations even if they were unaware of it, an official said. Dr D M Karunaratne, director general, of the National IP Office said anyone who violates IP rights is liable to be punished […]

Risky Returns

Aug 06, 2010 (LBO) – Police have arrested a Sri Lankan businessman who had disappeared after duping thousands of people into depositing money with his firm by promising high returns, an official said. Sakvithi Ranasinghe was arrested by police on Friday morning and is now being detained at the suburban Mirihana police station, police spokesman […]

Test Case

July 25, 2010 (LBO) – An arbitration of a disputed derivative contract between an oil distributor in Sri Lanka and a German bank would be a test case on whether such deals would come under bi-lateral investment protection treaties, a media report said. Standard Chartered and Citibank had separately started action for breach of contract […]

Floor Tussle

July 18, 2010 (LBO) – Sri Lanka’s Bharti Airtel unit has taken floor prices imposed by the regulator to court complaining that it helps the market leader and hurts the consumer, a media report said. Bharti Airtel Lanka, has petitioned Sri Lanka’s supreme court, The Island newspaper said Saturday. The court has to agree to […]

New Charge

July 13, 2010 (AFP) – Sri Lankan police have filed a new case against former army chief and defeated presidential candidate Sarath Fonseka for allegedly employing military deserters, his party said Tuesday. Fonseka led the Sri Lankan army to a spectacular victory against Tamil Tiger rebels in May last year, ending the island’s 37-year separatist […]

Security Change

July 08, 2010 (LBO) – Sri Lanka is rapidly removing military checkpoints and transferring public security to the police to return the country to normalcy after the end of a 30-year war, defence secretary Gotabhaya Rajapaksa said. He said in the eastern province the change-over was being successfully carried out. “In Colombo we are gradually […]

War Probe

June 15, 2010 (AFP) – Sri Lanka’s top defence official challenged international rights groups Tuesday to produce evidence of war crimes allegedly committed in the final months of the country’s civil war. Defence Secretary Gotabhaya Rajapakse said those making the allegations should present evidence before Sri Lankan courts instead of talking to the international media. […]

Boat People

KUALA LUMPUR, May 27, 2010 (AFP) – Sixty-one Sri Lankan asylum seekers held in a Malaysian immigration depot Thursday entered day three of a hunger strike in a desperate effort to win freedom and settlement in a third country. Immigration authorities could not be reached for comment. Activists say Malaysia is often used as a […]

Customs Info

May 18, 2010 (LBO) – Sri Lanka’s Financial Intelligence Unit (FIU) has signed a deal with the country’s customs office to share information to help counter money laundering and terrorist financing. The FIU says it is chasing more information sharing deal with other domestic agencies. “The Financial Intelligence Unit and other authorities such as Sri […]

Jail Term

VANCOUVER, May 14, 2010 (AFP) – A judge sentenced a Tamil Tiger fundraiser to six months in jail here Friday after the man pleaded guilty to raising money in Canada to help support the Tamil rebels in Sri Lanka. Powers reviewed Thambithurai’s story, from his move to Canada in 1988 as a young refugee following […]

Legal Action

VANCOUVER, May 11, 2010 (AFP) – A fundraiser for the outlaw Sri Lankan Tamil Tigers pleaded guilty here Tuesday in the first case to be prosecuted under Canada’s terrorism financing laws. Prapaharan Thambithurai “pleaded guilty to providing financial services, knowing that they will benefit a terrorist group, namely the Liberation Tigers of Tamil Eelam (LTTE),” […]

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