Deepthi Perera, former chairman of failed Central Investments and Finance Co (CIFL) who had been in hiding in Cambodia, on Tuesday presented to a Colombo court – through his lawyers - a restructure plan to revive the finance company. Mr. Perera, who was arrested on August 10 on return at the Colombo airport with a bogus passport, submitted the plan (based on his promise) after a court-directed meeting with the Central Bank last week. The suspect has been in remand since his airport arrest. Chief Magistrate Colombo Gihan Pilapitiya then directed that the plan be discussed with the Central Bank and CIFL Depositors Association (CIFLDA) and put off the case for late September. Hundreds of depositors of CIFL were left high and dry after the company – like many finance companies that failed - were unable to pay, first their interest and then their deposits, some years ago. (Quintus)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
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