Netting Victims

May 07, 2008 (LBO) – Hundreds of Indian victims of the Goldquest scheme are flocking to police to lodge complaints after courts ordered authorities to re-open investigations in to the scheme, media reports said. By Tuesday, more than 600 victims who lost their money in the Goldquest’s multi-level scheme had filed complaints, Times of India […]

Copy Cats

April 25, 2008 (LBO) – Vendors selling fake ink cartridges in Sri Lanka under the Toshiba trademark are being hunted and prosecuted, regional Toshiba officials said in Colombo. The technology firm will prosecute vendors importing and selling counterfeit Toshiba products under the Intellectual Property Laws in Sri Lanka, Jeevantha Jayatilake, legal representative for Toshiba in […]

Shady Deals

April 15, 2008 (LBO) – Sri Lanka’s stock markets regulator is investigating a number of cases of manipulation of the share market on the Colombo Stock Exchange, a senior state counsel has revealed. Buwaneka Aluwihare, deputy solicitor general of the Attorney-General’s Department, said that the offences in some of the cases were being compounded with […]

Bad Justice

April 12, 2008 (AFP) – A Sri Lankan court has released a man who was held in custody for 55 years without charge, a report said on Saturday. Thantriye Emis Singho, 83, was arrested by police in 1953 for carrying a sword in a Colombo suburb. A court sent him to a state-run mental hospital […]

Inside Deals

April 11, 2008 (LBO) – A Sri Lankan supreme court judge has proposed amending regulations on stock market offences to cover markets regulators as well as all company shareholders. Supreme court judge Saleem Marsoof said a serious deficiency in the Securities and Exchange Commission (SEC) Act is that it does not provide against the use […]

Boardroom Behaviour

April 10, 2008 (LBO) – Sri Lanka’s top state legal advisor has told company directors not to be mere ‘rubber stamps’ but to act independently and in the best interests of their companies and stakeholders. Attorney-general C R de Silva said company directors today are expected to meet an increasing range of obligations amidst commercial […]

Carrot& Stick

April 01, 2008 (LBO) – Tight new immigration regulations that came into effect on April 01, will ban rule breakers from visiting Britain for ten years, but illegal immigrants would also be an amnesty leave, the UK High Commission (embassy) in Colombo said. “We will now prevent anyone who has previously broken our immigration laws […]

Censorship

Mar 23, 2008 (LBO) – Books written by academics based in Sri Lanka which were printed abroad had been seized by the island’s customs authorities, in a move which could be a new form of censorship, a media report said. The Sunday Times newspaper said a book by economic researcher Mutukrisna Sarvanandan, from the Point […]

Airport Alert

LONDON, March 15, 2008 (AFP) – A Sri Lankan national appeared in court in London Saturday charged with endangering aircraft after a major security alert at the city’s main Heathrow airport. Ketheeswaran Uthayakumar, who has no permanent address in Britain, was remanded in custody after a short hearing at Uxbridge Magistrate’s Court in west London. […]

Indian Collapse

March 3, 2008 (LBO) – India is deploying crack sleuths to track down the operators of a Goldquest-Questnet scheme in the Karnataka state after thousands of victims complained to the police, media reports said. “Initial investigations into the fraud committed by Quest-Net India Limited has revealed the firm had duped people to the tune of […]

Pottu Test

Mar 01, 2008 (LBO) – A Sri Lankan Supreme Court judge said society discriminates against its members despite pledging allegiance to a human rights charter, and called for equal treatment for marginalized sections. “If you take a simple issue of race, it is the duty of the majority of the Sinhalese to reach out to […]

Dispute Resolution

Feb 29, 2008 (LBO) – Sri Lanka’s state sector should have alternative ways to solve problems without striking and hurting the public who are paying their salaries, a minister said at the launch of a new dispute resolution process. The private sector in Sri Lanka already have dispute resolution mechanisms through social dialogue, arbitration and […]

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