Category: Legal

LONDON, April 17, 2009 (AFP) – A London court convicted a man described as the head of the Tamil Tigers in Britain on two terror-linked charges Friday, including supplying bomb-making equipment to the Sri Lankan group. Arunachalam Chrishanthakumar, 52, was found guilty of coordinating supplies of material to the Liberation Tigers of Tamil Eelam (LTTE). […]

Mar 31, 2009 (LBO) – Sri Lanka’s Supreme Court has asked Golden Key Credit Card Company, a collapsed financial firm, and its directors to declare assets and for the island’s banking regulator to probe the firm, lawyers said.Depositors also asked the passports of directors to be impounded, saying one director has already left the country […]

Mar 26, 2009 (LBO) – Sri Lanka’s Ceylinco group chief Lalith Kotelawala has offered to provide assets into a trust to repay 14.5 billion rupees to customers of the collapsed Golden Key Credit Card Company, state lawyers told court.Deputy solicitor general Sarath Jayamanne said Thursday depositors were offered a rate lower than the high rates […]

Mar 23, 2009 (LBO) – Sri Lanka’s Supreme Court has halted the sale of assets of Ceylinco Consolidated, an apex firm of the Ceylinco group, a collapsed credit card firm and the personal assets of the firm’s directors, lawyers said. Depositors’ lawyers, together with Sri Lanka’s attorney general’s office were due to present a repayment […]

Mar 17, 2009 (LBO) – A new Sri Lankan national audit bill expected to be presented for legislative approval shortly will grant the government’s chief audit officer and his department greater autonomy, officials said. It will increase the powers of the Auditor General’s (AG) Department to clean up government departments with weak internal controls that […]

WASHINGTON, March 11, 2009 (AFP) – Cricket mogul and financier Allen Stanford is refusing to cooperate with authorities investigating his role in an alleged multibillion-dollar fraud, court documents showed Wednesday. The Texas magnate who faces civil charges linked to luring investors into 9.2 billion dollars in securities under fraudulent pretenses, is using his constitutional guarantee […]

March 11, 2009 (LBO) – Sri Lanka’s Ceylinco group chairman Lalith Kotelawala remained in remand over fraud charges at an unlisted subsidiary that has collapsed with a court Wednesday also ordering a halt to any sale of the firm’s assets.The Ceylinco group has put on sale several of its subsidiaries and properties to raise funds […]

TOKYO, January 30, 2009 (AFP) – The number of asylum seekers in Japan doubled last year amid turmoil in Myanmar but only a small number of them were granted refugee status, government figures showed Friday. By comparison, the United States resettles up to 50,000 refugees a year. Japan imposes tight restrictions on immigration and has […]

Jan 23, 2009 (LBO) – Sri Lanka’s lawyers are hosting an ICT law conference in Colombo next week, to debate emerging legal issues with the heavy use of information technology (ICT), its organizers said. Intellectual Property and Information Technology (IT), Legal issues arising out of outsourcing software development contracts, Telecommunication and legal implication on Mobile […]

Jan 22, 2009 (LBO) – Sri Lanka’s top markets regulator has said an accounting and auditing watchdog body was severely understaffed and lacked the ability to do its job effectively.Channa de Silva, director general, of the Securities and Exchange Commission, said the lack of staff at the watchdog body was one reason it could not […]

Dec 15, 2008 (LBO) – Sri Lanka’s Supreme Court barred a senior official from a state-run petroleum retailer over a case involving derivative deals and said the country’s central bank has to probe and solve the case. Supreme Court asked the central bank to file a preliminary probe report brought to court Monday, with the […]

Dec 03, 2008 (LBO) – An imprisoned Sri Lankan journalist, who faces a lengthy jail term for expressing his views, if convicted, has been nominated for a media freedom award by media watchdog Reporters Without Borders (RSF). To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 RSF said […]