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Former IGP Tennakoon dubbed more dangerous than notorious criminals in shocking court allegations

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March 20, Colombo (LNW): Additional Solicitor General Dileepa Peeris made shocking claims in the Matara Magistrate’s Court yesterday (19), asserting that former Inspector General of Police (IGP) Deshabandu Tennakoon poses a greater threat to society than notorious organised criminals such as ‘Harak Kata’ and ‘Makandure Madush’.

Representing the prosecution, Peeris stated that Tennakoon had grossly abused his position of power within the Police Department for personal gain, calling his actions far more harmful than the activities of some of the country’s most infamous criminals.

He has been living amongst us like a shadow, far worse than criminals such as Harak Kata and Makandure Madush. His misuse of authority is on an extensive scale. We respectfully request that he be remanded without bail until further investigations can be conducted,” Peeris told court.

Tennakoon, who had been evading authorities for nearly three weeks, appeared unexpectedly before the Matara Magistrate’s Court yesterday. Following his surrender, Magistrate Arun Indrajith Buddhadasa remanded the former IGP until today, 20th March, as the investigation into his alleged crimes continues.

During the court hearing, Peeris emphasised the gravity of the situation, stating, “For the past 20 days, authorities have been actively searching for Tennakoon, yet he managed to remain at large, only to suddenly appear before the court without anyone realising. This raises serious concerns that need to be addressed. Tennakoon is unfit to serve as even a police constable, let alone hold the prestigious position of IGP. His actions are an insult to the police force.

Further revelations came to light during the proceedings, with Peeris informing the court that investigations had uncovered Tennakoon’s ownership of eight properties.

Shockingly, his name had not appeared on the electoral register since 2020, adding another layer of mystery to the case.

In response, President’s Counsel Shanaka Ranasinghe, who was representing Tennakoon, argued for his client’s release on bail. After carefully considering the arguments put forward, Magistrate Buddhadasa announced that a decision regarding Tennakoon’s bail application would be made today (20).

CSE aims to build on strong performance as market faces early 2025 consolidation

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March 20, Colombo (LNW): The Colombo Stock Exchange (CSE) is determined to build on its impressive performance in 2024, when it was ranked as the second-best performing stock market globally in dollar terms, despite early signs of market consolidation in 2025.

Last year, the CSE delivered a remarkable 50 per cent return on the All Share Price Index, trailing only Pakistan in terms of stock market performance. In addition to this success, equity fundraising at the exchange saw a substantial Rs. 2.8 billion, whilst debt issues raised Rs. 94 billion.

Rights issues amounted to Rs. 63 billion, and private placements brought in Rs. 14 billion.

CSE Chairman Dilshan Wirasekara spoke with optimism about the year so far, reflecting on the robust performance in 2024. “We had an exceptional year, and the beginning of 2025 has also been strong. Turnover levels have been higher, averaging over Rs. 3 billion, although this month has seen a slight dip,” Wirasekara told the press.

Whilst turnover has remained strong, the broader market has experienced a more subdued start to 2025. “Looking ahead, the market might remain relatively flat for 2025, but that’s part of the normal consolidation process,” said Wirasekara.

He stressed that as long as investor activity stays fundamentally strong, the exchange is not overly concerned about short-term market fluctuations.

The CSE continues to prioritise liquidity and accessibility for investors. Wirasekara reassured the market that fluctuations are not a cause for concern. “We have the necessary systems and controls in place to ensure steady trading volumes and liquidity, enabling investors to enter or exit the market smoothly,” he explained.

Key initiatives for the CSE this year include modernising financial reporting systems, improving surveillance mechanisms, and accelerating the digital transformation of the exchange.

The introduction of XBRL-based reporting is set to streamline corporate disclosures, whilst an artificial intelligence-powered surveillance system will enhance the ability to detect unusual trading patterns.

“We are investing in a world-class solution to boost investor confidence,” Wirasekara said. Alongside this, the CSE is also working on integrating internet banking into its platform and digitising trading tools to enhance market efficiency and broaden access to investor data.

In a significant move to attract foreign investors, the CSE, in collaboration with the Securities and Exchange Commission (SEC), is preparing for the Invest Sri Lanka Capital Market Investor Forum 2025, to be held in Colombo on March 27 and 28.

The event will bring together foreign institutional investors, local fund managers, and industry leaders to foster partnerships and drive growth within the market.

In an exciting development, the stock exchange leaders of Pakistan, Bangladesh, and the Maldives will also attend the forum for the first time. This will allow them to share insights and expertise, whilst the four frontier markets of South Asia—Sri Lanka, Pakistan, Bangladesh, and the Maldives—will sign a memorandum of understanding to enhance cooperation and collaboration within the region.

Wirasekara positioned Sri Lanka as the most advanced of these frontier markets, highlighting the country’s competitive edge in attracting investment.

“Sri Lanka stands out amongst its regional peers. I’ve visited all these markets, and I can confidently say that we are not only the most affordable but also the most advanced in terms of systems, governance, investor education, and every other key metric,” he concluded.

Nominations for LG Polls to close today (Mar 20)

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March 20, Colombo (LNW): The window for submitting nominations for the upcoming Local Government (LG) Elections is set to close today (20), with the Election Commission announcing that no further nominations will be accepted beyond 12:00 noon.

The nomination period for candidates vying for seats in 336 Local Government institutions began on March 17, and it will soon be followed by the official announcement of the election date, which is expected once the nominations process is completed.

The deadline for candidates to submit their deposit payments for participation in the elections had already passed, closing on 19th March.

As political parties prepare for the elections, key figures have been vocal about their respective campaigns.

Former Member of Parliament (MP), Udaya Gammanpila, representing the ‘Sarvajana Balaya’ alliance, expressed his confidence that the coalition is poised to bring about the much-needed change that voters have long awaited.

He assured that the alliance is fully prepared to address the concerns of the public and offer a fresh approach to governance at the local level.

Meanwhile, Patali Champika Ranawaka, another former MP and the leader of the United Republic Front (URF), highlighted his party’s efforts in fielding a highly capable team for the elections.

According to Ranawaka, his party has carefully selected individuals with the necessary expertise and commitment to serve the community effectively.

Fairly heavy showers about 75 mm expected (Mar 20)

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March 20, Colombo (LNW): Showers or thundershowers will occur at several places in Western, Sabaragamuwa, Central and North-western provinces and in Galle, Matara and Mannar districts after 2.00 p.m, the Department of Meteorology said in its daily weather forecast today (20).

Fairly heavy showers about 75 mm can be expected at some places in Western and Sabaragamuwa provinces and in Galle and Matara districts.

Several spells of showers may occur in Eastern and Uva provinces and in Hambanthota and Polonnaruwa districts.

Misty conditions can be expected at some places in Western, Sabaragamuwa, Central and Uva provinces and in Galle, Matara and Kurunegala districts during the morning.

The general public is kindly requested to take adequate precautions to minimise damages caused by temporary localised strong winds and lightning during thundershowers.

Marine Weather:

Condition of Rain:
Showers or thundershowers may occur at several places in the sea areas off the coast extending from Batticaloa to Hambantota via Pottuvil. Showers or thundershowers may occur at several places in the sea areas off the coast extending from Hambantota to Kankasanthurai via  Galle, Colombo, Puttalam and Mannar during the evening or night.
Winds:
Winds will be Easterly in direction and speed will be (20-30) kmph.
State of Sea:
Sea areas around the island will be slight to moderate. Temporarily strong gusty winds and very rough seas can be expected during thundershowers.

MP Archchuna Ramanathan Served Legal Notice Over Facebook Defamation – LKR 500 Million Damages Sought

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By: Ovindi Vishmika

March 19, Colombo (LNW): MP (Dr) Archchuna Ramanathan has been served a legal notice demanding LKR 500 million in damages over alleged defamatory statements made on Facebook.

Attorney-at-Law Balachandra Thinesh issued a formal letter of demand on behalf of his client, Mr. Ratnam Sriharan, a 59-year-old German citizen and philanthropist, accusing Hon. (Dr) Archchuna Ramanathan and H.B. Samarakoon of publishing defamatory statements on Facebook.

The controversy stems from allegations made on February 12, 2025, where the accused reportedly linked Mr. Sriharan to criminal activities and financial misconduct.

The defamatory posts also included private family photographs, which allegedly subjected Mr. Sriharan’s wife and daughter to emotional distress and public humiliation.

It further revealed that these claims have severely damaged Mr. Sriharan’s reputation within the Tamil-speaking community and tarnished his professional standing.

Dr. Ramanathan’s time in Parliament has not been without its challenges. He even has faced warnings from the Speaker of Parliament regarding alleged inappropriate remarks and social media activities that have been deemed disruptive. His actions have sparked debates about responsible communication by public figures, and he now faces legal and parliamentary scrutiny.

However, the legal demand calls for the immediate removal of the defamatory content, a public written apology, and a formal undertaking to refrain from further false statements. Failure to comply within 14 days will result in defamation proceedings.

Deshabandu Tennakoon Remanded Following Surrender After 20 Days in Hiding

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The Matara Magistrate’s Court has ordered the remand of former Inspector General of Police (IGP) Deshabandu Tennakoon until tomorrow (20).

Tennakoon had been in hiding for 20 days despite an arrest warrant issued in connection with the shooting incident at the W15 Hotel in Weligama. He surrendered to the Matara Magistrate’s Court this morning (19) before being remanded.

Former IGP Deshabandu Tennakoon Surrenders to Matara Magistrate’s Court

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Former Inspector General of Police (IGP) Deshabandu Tennakoon has surrendered to the Matara Magistrate’s Court earlier today, following a court order for his arrest in connection with the shooting incident at the W15 Hotel in Weligama on February 27.

Despite the court’s directive for his arrest, the police had been unable to apprehend Mr. Tennakoon until now. The Matara Magistrate’s Court had previously ordered the arrest and production of a group of suspects, including Tennakoon, in relation to the shooting incident. The investigation continues.

Deshabandu Tennakoon’s Wife Files Police Complaint Over Unwarranted Search

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P. A. Umayangani Wijewardena, the wife of former Inspector General of Police (IGP) Deshabandu Tennakoon, has lodged a complaint with the Athurugiriya Police, alleging that their residence in Hokandara was searched without a warrant.

According to the complaint, a team comprising officers from the Criminal Investigation Department (CID) and the Police Special Task Force (STF) conducted the search on March 18.

Wijewardena, who is a lawyer and currently serves as the Legal Director of the State Pharmaceuticals Corporation, has raised concerns over the legality of the operation. Further investigations into the matter are expected.

Government Announces Amendments to Aswasuma Welfare Benefit Scheme

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The Aswasuma Welfare Benefit Payment Scheme, which has been in effect since July 1, 2023, has undergone amendments as per Extra Ordinary Gazette No. 2415/66, dated December 21, 2024.

Accordingly, the Cabinet of Ministers has approved a proposal by President Anura Kumara Dissanayake, in his capacity as the Minister of Finance, Planning, and Economic Development, to revise the benefits under the schemein line with the budget allocations for 2025.

The key amendments include:

  • Extending benefit entitlements for the transitional social category (Schedule I) until April 30, 2025.
  • Increasing monthly assistance payments from Rs. 7,500 to Rs. 10,000 for persons with disabilities and those receiving treatment for kidney diseases, and from Rs. 3,000 to Rs. 5,000 for elderly persons (Schedule II), with implementation from April 2025.
  • Extending payments for disabled persons, kidney patients, and elderly individuals (Schedule II) until December 31, 2025, under the revised scheme.
  • Halting allowances under the transitional social category after April 2025, while continuing payments for disabled persons, kidney patients, and elderly individuals from these families until December 31, 2025.
  • Accepting new applications for disabled and kidney patients, subject to a maximum limit, with payments valid until December 31, 2025.

These amendments aim to enhance social welfare while ensuring effective financial management within the allocated 2025 budget.

President Dissanayake Pledges Stronger Action Against Organized Crime and Drug Abuse

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President Anura Kumara Dissanayake has pledged to take necessary steps to eliminate organized crime and drug abuse while introducing new legislation to strengthen law enforcement.

The President made these remarks during a discussion held yesterday (18) at the Presidential Secretariat with police chiefs of the Western Province.

He emphasized that maintaining the rule of law is a primary responsibility of the Police Department and stated that a just society cannot be established in Sri Lanka without ensuring the supremacy of the rule of law.

Among those present at the discussion were Minister of Public Security and Parliamentary Affairs Ananda Wijepala, Deputy Minister Sunil Watagala, Secretary to the Ministry of Public Security Ravi Seneviratne, Acting Inspector General of Police Priyantha Weerasooriya, and several Western Province police chiefs.