Former Chairman of the National Savings Bank (NSB) Pradeep Kariyawasam was sentenced to a suspended jail term of five years by the Colombo Fort Magistrates Court today (Nov 26).
Mr. Kariyawasam was found guilty of causing losses to NSB by purchasing shares of the The Finance (Ltd.) at under valued prices.
Colombo Fort Magistrate Ranga Dissanayake further imposed a fine of Rs 200,000 when the case was taken up before courts today.
Mr. Kariyawasam is the husband of former Chief Justice Shirani Bandaranaike.
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The Supreme Court of Sri Lanka has ordered the Election Commission to immediately proceed with the postponed Local Government Elections.
Ratnapura District Samagi Jana Balawegaya (SJB) MP Thalatha Athukorala has informed Parliament that she decides to resign from her position as Member of Parliament.
United Petroleum (UP) was launched in Sri Lanka today and will commence retail fuel operations in September with 150 dealer owned and operated fuel stations.
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