Panama Papers: Some Sri Lankans also being probed – govt.

By Zacki Jabbar With the so-called Panama Papers taking the world by storm, the government said yesterday that it was examining the dealings of some Sri Lankan politicians and companies with offshore financial dealings. Deputy Minister of State Enterprise Development Eran Wickremeratne told the weekly Cabinet Press Briefing in Colombo, that investigations had led them to Seychelles, where 14,000 shell companies had been incorporated but only 204 real owners had been identified. A Sri Lankan bank had opened a branch in Seychelles and air links had also commenced during the…

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Britain highlights lack of land release as ‘major source of discontent’

The British High Commissioner in Sri Lanka spoke on the importance of returning land to its rightful owners at the launch of a British funded documentary and report on the Sri Lankan military’s occupation of land in the North-East. British High Commissioner James Dauris said his government was pleased to support a new report by the Centre for Policy Alternatives (CPA) that found over 12,500 acres of land remained occupied by the Sri Lankan military and called for reparations and the restitution of land to its rightful owners. Also supported…

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Bahu certain MAHINDA’s name in Panama Papers

Nava Sama Samaja Party Leader Dr. Wickramabahu Karunaratne is certain that former President Mahinda Rajapaksa’s name to be among three other names of Sri Lankans featured in the Panama Papers revelations, the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous. “The foreign funds received by the former government for the development of the country were misplaced during the past regime. I am certain that Mahinda Rajapaksa had invested this black money in Mossack Fonseca, to turn them into white…

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Waiting for ‘Swiss Papers’

The publication of Panama Papers—some 11.5 million encrypted documents leaked from a Panamanian law firm, Mossak Fonseca, has triggered a mega political tsunami. This phenomenal expose is unarguably the biggest ever boost global war on corruption has so far received. The reputed outfits responsible for blowing the lid off the scandal spanning well over four decades—(the German newspaper) Süddeutsche Zeitung, BBC, The Guardian, the International Consortium of Investigative Journalists and Le Monde––have done the media proud. Among the prominent political figures exposed by the Panama Papers, which have shed light…

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The Biggest Leak ever! –Panama Papers!

A machinery adopted by wealthy people around the globe to turn their black money into white money had been come into grips with hackers and was revealed to the world sometime back and since those data have come into the limelight as Panama Secret Documents, efforts taken by the wealthy around the world including Sri Lanka would be exposed in the future, it is reported. Mossack Fonseca, a firm of legal counsellors of Panama and which country is considered as a country which imposes low tax regulations had managed to…

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No action to salvage Rs 2.88 T black money outflows

By Rathindra Kuruwita and Umesh Moramudali Rajith Keerthi Tennakoon is better known as the Executive Director of Campaign for Free and Fair Elections (CaFFE), Sri Lanka’s most outspoken election monitoring outfit. However, in recent months he has been actively campaigning against bribery and corruption and to implement Police reforms. Ceylon Today met Tennakoon to get to know the reasons for his shift of focus. ?: We have known you for a long time as an election monitor. But in recent months you have been campaigning against bribery and corruption. Why the…

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