Tag: Budget 2025

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A major corporate fraud scandal has erupted in Sri Lanka's agribusiness sector, following the formal complaint filed by Sheran De Fonseka, a director and shareholder of SMSS Holdings (Private) Limited. The complaint, lodged with the Criminal Investigation Department (CID), accuses two former directors, Vijayasekerage Shanika Kumari and Herath Bandaralage Anuradha Oshadha Herath, of embezzling over Rs. 30 million through a sophisticated scheme of falsified financial reports and unauthorized fund transfers.

The Speaker of the Sri Lankan Parliament, Dr. Jagath Wickramaratne, a high-ranking official in the current 'Compass' administration that swept to power on an anti-corruption platform, is now embroiled in a severe crisis following serious allegations of corruption and abuse of power.

As the current JVP-led government remains mired in traditional political rhetoric and repressive tactics, dragging the country backwards, the United National Party (UNP) under the leadership of former President Ranil Wickremesinghe is gearing up for a major technological revolution. In line with Mr. Wickremesinghe's consistent vision that the country's future must be based on digitalisation, the UNP has made all arrangements to launch the biggest technological operation in Sri Lanka’s political history, centred around the Sirikotha party headquarters, coinciding with Independence Day on February 4th.

The 'immoral political deals' that Sri Lankan political parties conduct behind the scenes, despite publicly criticizing each other, have once again been exposed during a recent visit to India. The entire country has been subjected to severe embarrassment on the international stage following a secret trip to India by Sri Lanka Podujana Peramuna (SLPP) MP Namal Rajapaksa and a group of new Samagi Jana Balawegaya (SJB) MPs, during which Rajapaksa illicitly used the title of 'Leader of the Opposition'—a position he does not hold.

The ongoing legal saga against former President Ranil Wickremesinghe, widely characterized as a political witch-hunt, faced sharp criticism today at the Colombo Fort Magistrate's Court. Magistrate Isuru Neththikumara strongly admonished the Criminal Investigation Department (CID) for its failure to conduct a proper investigation into the allegations of misusing state funds.

A major corporate fraud scandal has erupted in Sri Lanka's agribusiness sector, following the formal complaint filed by Sheran De Fonseka, a director and shareholder of SMSS Holdings (Private) Limited. The complaint, lodged with the Criminal Investigation Department (CID), accuses two former directors, Vijayasekerage Shanika Kumari and Herath Bandaralage Anuradha Oshadha Herath, of embezzling over Rs. 30 million through a sophisticated scheme of falsified financial reports and unauthorized fund transfers.