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Delhi High Court Reserves Verdict on Bollywood actress Jacqueline Fernandez’s Appeal

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By: Staff Writer

April 29, Colombo (LNW): Indian media reports that Bollywood actor Jacqueline Fernandez awaits a crucial decision in the ₹200 crore money laundering case linked to conman Sukesh Chandrashekhar.

The Delhi High Court has reserved its order on Sri Lankan actress Jacqueline Fernandez’s petition challenging the Enforcement Directorate’s (ED) action under the Prevention of Money Laundering Act (PMLA), Indian media reported.

The case stems from allegations that Fernandez received expensive gifts from jailed conman Sukesh Chandrashekhar. Justice Anish Dayal reserved the verdict after detailed arguments from both sides. Senior Advocate Sidharth Aggarwal appeared for Fernandez, while Special Counsel Zoheb Hossain represented the ED.

During hearings, Aggarwal argued that labeling financial interactions as money laundering simply because money originated from an alleged criminal would have absurd consequences. “If the ED’s logic is applied, even grocery vendors, court officials, or lawyers who unknowingly transacted could be guilty,” Aggarwal contended, according to Indian media coverage.

He further claimed that Fernandez was unaware of Sukesh’s criminal background, having been introduced to him as a reputable businessman. Aggarwal noted, “Today, I am paying the price of being a celebrity,” emphasizing that celebrities often interact with individuals without complete knowledge of their backgrounds.

On the other hand, the ED maintained that the money laundering investigation is distinct from police probes into the original (predicate) crimes. The agency stressed that Fernandez continued accepting lavish gifts even after learning about Sukesh’s criminal history through media reports in 2021.

Earlier, the ED had firmly opposed Fernandez’s plea, suggesting it was an attempt to delay proceedings. Indian media quoted the agency stating that evidence pointed to her conscious involvement after becoming aware of Sukesh’s activities.

Defending Fernandez, Senior Advocate Aggarwal and Advocate Prashant Patil asserted that being branded a money launderer damages reputations severely, particularly for public figures. “Our request is not to quash the entire case, but only the proceedings against Jacqueline Fernandez,” Aggarwal clarified.

He also pointed out procedural delays, noting that although the ED has filed four complaints, investigations are still incomplete, stalling the trial’s commencement.

In her petition, Fernandez sought to quash the Enforcement Case Information Report (ECIR) — the equivalent of an FIR — and the supplementary chargesheet. She argued that the ED’s own evidence showed she was an innocent victim targeted by Sukesh’s manipulation, not a willing participant in money laundering activities.

CIMA – JXG Pinnacle Awards 2025: Honouring Corporate Excellence

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By: Staff Writer

April 29, Colombo (LNW): Originally initiated by Janashakthi Insurance, the prestigious awards event makes a grand return, now under the leadership of JXG (Janashakthi Group) — Sri Lanka’s emerging financial conglomerate.

Reflecting the broader role of the Group, the awards re-emerge as the ‘CIMA – JXG Pinnacle Awards’, in collaboration with AICPA and CIMA Sri Lanka. Scheduled for 11 June 2025 at Cinnamon Life, the awards mark a revival after nearly two decades, once again celebrating leadership, innovation, and outstanding corporate excellence across Sri Lanka.

The revitalised Pinnacle Awards will feature eight distinct categories, including Business Leader of the Year, Chief Financial Officer of the Year, and Young CGMA Star of the Year. Each category will offer Gold, Silver, and Bronze awards, recognising excellence at different levels. An independent panel of judges will oversee the selection process, ensuring fairness, transparency, and credibility.

As a leading financial conglomerate, JXG views the awards as a platform to encourage and spotlight emerging industry leaders and innovative organisations. The event aims not only to celebrate achievements but also to highlight meaningful contributions that continue to shape Sri Lanka’s corporate landscape.

Speaking on the event’s revival, Ramesh Schaffter, JXG Managing Director/Group CEO and a former CIMA Sri Lanka Council Member, stated:

“Our revival of the ‘CIMA – JXG Pinnacle Awards 2025’ reflects our philosophy of celebrating leadership, innovation, and excellence in the ever-evolving business landscape. By joining hands with AICPA and CIMA Sri Lanka, we aim to reinforce the credibility and prestige of these awards, while also offering recipients an opportunity to elevate their future ventures.”

Echoing this sentiment, Tharindu Wijewardana, Acting Country Manager of AICPA and CIMA Sri Lanka, added:

“Through the renewal of our partnership with JXG, we anticipate a promising step forward for Sri Lanka’s professional community. These awards are designed not only to recognise excellence but also to reinforce the values of professionalism, ethical leadership, and performance in practical contexts.”

Previously, the Pinnacle Awards held a significant place on Sri Lanka’s corporate calendar, honouring individuals who later rose to key leadership roles across industries. Past awardees include distinguished professionals such as Hasitha Premaratne (Group Managing Director, Brandix), Suren Fernando (Group CEO, MAS Holdings Ltd), and Mahesha Amarasuriya (Director, Mastercard Sri Lanka).

Applications are now open. Professionals and organisations interested in participating are encouraged to submit their entries via the AICPA and CIMA Sri Lanka website at: AICPA and CIMA JXG PINNACLE AWARDS 2025 | Advocacy | AICPA and CIMA.

The event is also expected to serve as a vital platform for networking and knowledge-sharing among corporate leaders and professionals across diverse industries.

Five convicted over 2012 murder, three sentenced to death

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April 29, Colombo (LNW): In a case that revisited a brutal killing from over a decade ago, the Colombo High Court has delivered its final judgment against five individuals found guilty of a murder that occurred in 2012.

The court’s decision brings closure to a long-running legal battle surrounding the violent death of a young man in his early twenties.

High Court Judge Navaratne Marasinghe, presiding over the matter, handed down death sentences to three of the accused after they were found guilty of multiple charges, including the unlawful killing of a 21-year-old male victim, who was reportedly assaulted with a blunt object.

The attack, described in court as deliberate and premeditated, left the victim fatally wounded at the scene.

The remaining two accused, who were aged just 17 and 15 at the time of the offence, were spared capital punishment in light of their status as minors. The judge, taking into account their age at the time of the crime and in line with existing legal provisions on juvenile offenders, instead sentenced them to life imprisonment.

Their conviction, nonetheless, reaffirms the court’s stance on accountability, even for those who were underage when involved in such heinous acts.

The trial had been ongoing for several years, involving detailed testimony, forensic analysis, and a series of legal arguments regarding the nature of the crime and the roles played by each of the accused.

Premadasa Accuses Dissanayake Government of Deception as Election Nears

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April 29, Colombo (LNW): Opposition Leader Sajith Premadasa has launched a blistering attack on President Anura Kumara Dissanayake’s administration, accusing the government of systematic dishonesty in its communications with the public.

Speaking to a crowd at a campaign rally in Matale yesterday, the Samagi Jana Balavegaya (SJB) leader pointed to what he characterised as a pattern of false statements from the highest levels of government, including President Dissanayake himself.

“The President claimed the US government would issue a joint statement regarding tariff negotiations, but in the end, only the JVP government issued a statement,” Premadasa told supporters. “This is just the latest example of how this administration misleads the public.”

The opposition leader’s criticism comes amid growing public scepticism about the government’s economic policies and diplomatic achievements. Multiple independent analysts have noted discrepancies between the administration’s public claims and verifiable outcomes, particularly in international negotiations.

“Don’t fall into their trap for the third time,” Premadasa warned the crowd, suggesting the current leadership had already deceived voters twice. “We are confident of winning this election.”

The rally, described by observers as well-attended, represents an escalation in campaign rhetoric as the May 6 local government elections approach. Since taking office, the SJB has positioned these elections as a referendum on the Dissanayake government’s performance.

Political commentators note that Premadasa’s focus on government credibility may resonate with voters frustrated by unfulfilled promises and persistent economic challenges despite the administration’s assurances of improvement.

The government has yet to respond to Premadasa’s specific allegations regarding the tariff negotiations with the United States.

From Prison to the United Nations: The Inspiring Journey of T. Kumar

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New Memoir “From Political Prisoner to UN Advocate” Releases April 11, 2025

T. Kumar’s life reads like a movie script—gripping, courageous, and deeply inspiring. In his memoir From Political Prisoner to UN Advocate, Kumar charts his path from a young Tamil activist in Sri Lanka to a respected global human rights leader in Washington, D.C.

Imprisoned for over five years for his activism, Kumar didn’t just survive—he transformed. Behind bars, he studied law and became an Attorney-at-Law, setting the foundation for a lifelong mission: defending the voiceless and standing up for justice.

His journey took him from exile to lecturing future U.S. diplomats, working with Amnesty International USA, and even monitoring elections with President Jimmy Carter. Through every twist and turn, Kumar lived by a simple motto: go with the flow.

This powerful memoir is more than just a personal story—it’s a call to action and a reminder of the resilience of the human spirit.

“From Political Prisoner to UN Advocate” is available in hardcover from April 11, 2025.

President to embark on official visit to Vietnam

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April 29, Colombo (LNW): President Anura Kumara Dissanayake is set to undertake an official state visit to Vietnam at the beginning of May, marking an important diplomatic engagement aimed at strengthening ties between the two nations.

Speaking at the post-Cabinet media briefing held earlier today, Cabinet Spokesman and Minister of Health and Mass Media, Dr Nalinda Jayatissa, confirmed that the President’s visit is scheduled to take place from May 03 to 06.

The trip is anticipated to be a key opportunity for both countries to deepen their cooperation across multiple sectors.

During the visit, President Dissanayake is expected to engage in a series of high-level discussions with Vietnamese leaders, focusing on areas such as trade, investment, education, and cultural exchange.

Minister Jayatissa highlighted that several Memoranda of Understanding (MoUs) are due to be signed, laying the groundwork for enhanced collaboration in fields of mutual interest.

Cabinet backs new legal framework to overhaul state enterprises

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April 29, Colombo (LNW): A significant step toward overhauling the governance of state-run commercial entities has been taken, with Cabinet ministers giving their backing to a draft proposal aimed at establishing a modern legal structure for the management of State-Owned Enterprises (SOEs).

The draft legislation, if enacted, will mark a fundamental shift in how public-sector commercial ventures are administered, with a clear intent to reduce political interference and improve operational efficiency.

Addressing journalists at a briefing held this (29) morning, Cabinet Spokesman and Minister of Health and Mass Media Dr. Nalinda Jayatissa, explained that the initiative reflects the government’s wider ambition to transform the SOE sector into one that operates on professional, economically viable, and transparent lines.

He stated that state enterprises should no longer be allowed to remain a persistent liability on public finances and the broader economy, but instead be steered with a more performance-driven ethos, including through partnerships with both domestic and international investors.

The government’s position is that a legally enforced structural reform is long overdue, given the recurring fiscal burdens and allegations of mismanagement that have plagued the sector for decades.

Dr. Jayatissa noted that the draft bill, provisionally titled the “State-Owned Commercial Enterprises Management Bill,” proposes to insulate public enterprises from political patronage and instead enable the appointment of qualified professionals to key decision-making positions.

This would, in theory, align these enterprises with modern governance standards and enhance accountability.

To refine the draft legislation and ensure it reflects practical needs as well as policy intent, the Cabinet has also endorsed the formation of a dedicated review committee. This body will be responsible for scrutinising the bill and offering further recommendations to enhance its scope and applicability.

The committee is to be chaired by Dr Anil Jayantha Fernando, who holds ministerial responsibility for Labour and serves as Deputy Minister of Economic Development.

He will be joined by Minister of Industries and Entrepreneurship Development, Sunil Handunnetti, and Minister of Trade, Commerce, Food Security and Cooperative Development, Wasantha Samarasinghe.

The proposed legal reforms are expected to regain public confidence in state institutions and ensure that public assets are managed not only responsibly, but also with a focus on long-term sustainability.

With many SOEs struggling with outdated structures, political appointments, and inefficient management, the new bill seeks to establish clear operational guidelines, performance benchmarks, and enhanced oversight mechanisms.

Although still in its early stages, the approval of the draft bill in Cabinet signals the administration’s intent to follow through on its promises of institutional reform.

It is also expected to pave the way for future discussions in Parliament, where the finer details of the proposed law will be debated and possibly amended before being passed into law.

Sri Lanka Eyes China Trade Pact amid Rising US Tariff hike and Indo-Pak Issue

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By: Staff Writer

April 29, Colombo (LNW): In a crucial diplomatic maneuver, Sri Lanka is reportedly preparing to host Chinese Commerce Minister Wang Wentao in June 2025, amid intensifying global trade tensions triggered by new U.S. tariffs.

Although the visit has not been officially confirmed, mounting signs point to a deepening economic partnership between Colombo and Beijing, driven by urgent economic imperatives and shifting geopolitical dynamics.

The potential visit comes at a pivotal time. Following U.S. President Donald Trump’s latest reciprocal tariff policy, Sri Lankan exports now face a looming 44% tariff—though implementation has been delayed by three months—and an additional 10% universal baseline tariff.

With approximately $1 billion, or 8% of its exports at risk, Sri Lanka finds itself under tremendous pressure to diversify its trade partners rapidly.

Government insiders hint that trade and export expansion will dominate discussions during Wang’s expected visit, alongside the long-stalled Free Trade Agreement (FTA) between the two nations.

Talks on the FTA, initially launched in 2014, ground to a halt in 2018 over disagreements on key terms. Sri Lanka had pushed for immediate tariff eliminations on 500 items and periodic reviews every 10 years, while China insisted on a more gradual liberalization and a 20-year review timeline. Despite these roadblocks, both countries recommitted to fast-tracking the FTA during President Anura Kumara Dissanayake’s state visit to Beijing in January 2025.

Analysts believe a finalized FTA with China could inject much-needed momentum into Sri Lanka’s struggling economy. Enhanced access to the vast Chinese market, increased Chinese investments, and stronger links to the Belt and Road Initiative (BRI) could help Sri Lanka stabilize after its devastating 2022 economic collapse and sovereign debt default.

Already, China has pledged significant investments, including a landmark $3.7 billion oil refinery project—Sri Lanka’s largest-ever foreign direct investment—under the BRI framework. However, this deepening economic reliance on China reignites old fears.

Sri Lanka’s prior experiences, such as the controversial 99-year lease of the Hambantota Port to China due to debt distress, serve as cautionary tales about the risks of falling into a “debt trap.”

Neighboring India, which sees Sri Lanka as firmly within its strategic orbit, is watching these developments with concern. India extended over $4 billion in assistance to Sri Lanka during its 2022 crisis and continues to invest heavily in its energy and infrastructure sectors to counterbalance China’s influence.

Colombo has repeatedly assured New Delhi that its soil will not be used against Indian interests—a delicate diplomatic tightrope as Sri Lanka tries to reap benefits from both Asian giants.

Meanwhile, the United States has expressed broader concerns over China’s BRI, warning of potential sovereignty issues for participating countries.

While Washington has refrained from commenting directly on a potential China-Sri Lanka FTA, it has consistently advocated for transparency and sustainable investment standards across the Indo-Pacific region.

Caught in the middle of this escalating geopolitical “cold war,” Sri Lanka must tread carefully. Past caution has seen Colombo turn away from certain investment opportunities to avoid upsetting either China or India.

Yet today, with economic survival on the line, the island nation appears increasingly ready to embrace all viable avenues for foreign inflows, even if that risks strategic discomfort.

In January, Sri Lanka expressed gratitude to China for initiatives aimed at boosting Sri Lankan exports, signaling Colombo’s willingness to deepen trade ties amid a hostile global trading environment.

As the world’s major powers continue to jostle for influence, Sri Lanka’s balancing act between China, India, and the United States will be key to its economic recovery—and to maintaining its sovereignty in a turbulent new era.

Government acknowledges certain statements made by NPP lawmakers erroneous, calls for greater fiscal responsibility

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By: Isuru Parakrama

April 29, Colombo (LNW): Health and Mass Media Minister Dr. Nalinda Jayatissa has claimed that cost-cutting initiatives implemented under his oversight have generated substantial monthly savings for the government, particularly since assuming duties as Chief Government Whip.

During a televised appearance on a current affairs programme, Dr. Jayatissa outlined the measures he personally adopted to scale back expenses tied to ministerial privileges and administrative costs.

Amongst the most notable actions, the Minister stated that he forgoes both his ministerial salary and parliamentary allowances, and has chosen to discontinue the use of luxury vehicles, including several high-end V8s previously at his disposal.

Fuel allocations for ministers, he revealed, have also been halved, and official residences have gone unused in the name of financial prudence.

Dr. Jayatissa pointed out that these personal decisions reflect a wider commitment by the government to curb unnecessary spending. He noted a drastic reduction in operational costs at the ruling party’s office since his appointment, stating that expenditure on personal staff for the Chief Government Whip’s office alone had been slashed from Rs. 7.6 million to just Rs. 200,000 per month—a claimed saving of Rs 7.4 million.

He also cautioned against local authorities mismanaging Treasury funds through imprudent projects. Citing instances where funds were used to build redundant bridges or culverts, he underscored that such wastefulness would undermine broader efforts at financial discipline.

The Minister insisted that every rupee spent from the public purse should be considered with utmost care and deliberation.

Addressing recent criticism related to government communication costs, Dr. Jayatissa responded to a claim made by NPP MP Nilanthi Kottahachchi, who alleged that the state had saved Rs. 98 million by not sending New Year greetings via SMS. According to the Minister, this figure was incorrect and traced to an unverified social media post, not an official source.

He acknowledged the error and clarified that whilst the intention was to highlight cost-saving measures, such inaccuracies must be avoided to maintain public trust. “Our movement stands for a shift in political culture, and part of that responsibility is ensuring accuracy in all public statements,” he said, adding that internal discussions had taken place to address the lapse and prevent recurrence.

In defence of the government’s handling of such missteps, Dr. Jayatissa stressed that mistakes made by a handful of party members should not be taken as a reflection of the entire administration. He pointed out that when such issues arise, the government does not shy away from acknowledging or correcting them, even during official Cabinet briefings.

Meanwhile, figures from former President Ranil Wickremesinghe’s administration rejected the implication that New Year SMS greetings had cost taxpayers Rs 98 million, asserting that such messages were traditionally dispatched free of charge by telecommunications providers as a public service.

The Minister’s remarks come at a time when public demand for transparency and accountability remains high, and the country continues to grapple with economic recovery.

Dr. Jayatissa’s remarks, despite being met with some scepticism, aims to position the current leadership as one committed to rebuilding fiscal discipline and public confidence.

Concerns raised over education sector employees breaching election rules

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April 29, Colombo (LNW): Serious concerns have been raised after it emerged that numerous employees of the Education Department, who are standing as candidates in the upcoming Local Government elections, have unlawfully received their April salaries.

According to the Ceylon Teachers Union, this act contravenes both the election law and the country’s Establishment Code.

Speaking to reporters in Anuradhapura, Priyantha Fernando, President of the Ceylon Teachers Union, revealed that over 400 individuals attached to the Education Department – including principals, teachers, teacher advisors, and members of the non-academic staff – are contesting the forthcoming elections.

He highlighted that, as per legal provisions, any officer of staff grade contesting elections must formally resign, while all other employees are required to obtain no-pay leave during their candidacy.

Alarmingly, Fernando disclosed that an estimated 90 per cent of these candidates have flouted this mandatory procedure.

Drawing attention to the situation in the North Central Province, he noted that of the 48 teachers contesting there, only six have properly applied for no-pay leave, while the majority continue to draw their monthly salaries in breach of regulations.

He further stressed that this represents not just a technical infraction but a serious violation of public trust and accountability.

Meanwhile, Anuradhapura District Secretary and Returning Officer Ranjith Wimalasuriya confirmed the irregularity, warning that candidates who fail to comply with these legal obligations risk having their nominations cancelled.

He added that any individuals who have wrongfully drawn salaries must return the funds immediately in order to avoid facing disciplinary measures.