Bodies of woman and son recovered from buried house

Following GR’s strong words Central Bank introduces new credit schemes

Following some strong words by President Gotabaya Rajapaksa today the Central Bank announced late this evening that it has decided to introduce new credit schemes to support the Government?s efforts to revive the economy. The bank also decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of licensed commercial banks (LCBs) by 200 basis points to 2.00 per cent, with effect from the reserve maintenance period that commenced on 16 June 2020. Earlier in t

16 Jun, 2020

Drone detects ganja farm in Monaragala area

By Farook Sihan A drone used by the authorities during a raid managed to detect a ganja farm in the Monaragala area. Following information received by the authorities, a raid was conducted in Thanamalwila in the Monaragala area. A drone camera was also used in the raid to detect ganja farms in the jungles. During the raid the authorities detected a ganja farm and arrested three suspects. At least 10,000 ganja plants were detected during the raid and were destroyed by the authorities. (Colom

17 Jun, 2020

Arrest warrants issued on Edirisinghe family over ETI case

Arrest warrants have been issued on members of the Edirisinghe family over the Edirisinghe Trust Investments (ETI) case. The Colombo Additional Magistrate issued the arrest warrants on four Directors of Edirisinghe Trust Investments. The warrants were issued over their failure to appear in court despite notice being served. Accordingly, warrants have been issued on Jeevaka Edirisinghe, Nalaka Edirisinghe, Asanka Edirisinghe and Deepa Edirisinghe. A Presidential Commission of Inquiry is curre

16 Jun, 2020