Former Minister Johnston Fernando was further remanded until tomorrow by Kurunegala Magistrate today over charges of alleged misappropriation of state funds during his tenure as Minister in last regime. Along with him, two other suspects were also remanded until case is concluded in special High Court at Bar.
He was arrested by police Financial Crimes Investigations Division (FCID) on May 5 after his statement on complaints of financial fraud at Lak Sathosa. Fernando had allegedly taken goods from Lak Sathosa without making payments.
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The Supreme Court of Sri Lanka has ordered the Election Commission to immediately proceed with the postponed Local Government Elections.
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.
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
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