Tag: VAT

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As Sri Lanka commemorates its 78th Independence Day, the 'Wining South Collective' (Dinaana Dakuṇa Saamūhikaya) strongly asserts that the current compass government has created an abyss from which hundreds of thousands of educated people and professionals are fleeing, rather than the promised "liveable country" (inna hithena rata).

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.