The President has used his executive power to ensure that a Rajapaksa is re-appointed as the head of the Kataragama Devala. Shashindra Rajapaksa's term as the Basnayake Nilame of the devale is scheduled to end on March 16, 2011.
SLFP Secretary displeased with Namal being handed over the poll campaign
2011-02-26
SLFP General Secretary and Minister Maithripala Sirisena is displeased with the fact that the President's eldest son, parliamentarian Namal Rajapaksa has been handed over the UPFA's local government election campaign, it is learnt.
Chandana Kathriarachchi gets money from the SLPA after being released from murder charges by the President
2011-02-26
Former deputy minister Chandana Kathriarachchi, who was released from murder charged by President Mahinda Rajapaksa, had been paid a salary arrears of Rs. 162,000 by the Sri Lanka Ports Authority (SLPA) for holding the post of a port port coordinator.
An illegal financial institution supported by the Central Bank collects Rs. 2,200 million form depositors
2011-02-26
CIFL Finance and Asset Company has collected Rs. 2.2 billion from 3761 depositors since 2006 and has failed to pay any interest for the monies and has not returned the monies to the depositors as well. Although depositors have been complaining about the matter to the Central Bank since 2009, no action has been taken.
Several political racketeers have artificially manipulated the stock market
2011-02-26
A senior Finance Ministry official told Lanka News Web that the Colombo Stock Exchange (SEC) is facing the risk of crashing in the near future due to the artificial manipulation of the stock market by a few racketeers wielding political powers in order to make unwarranted gains.
Chairman of Merchant Bank of Sri Lanka (MBSL), M.R. Shah has provided financial assistance amounting to lakhs of rupees to several of his friends without considering their financial stability, a senior Finance Ministry official told Lanka News Web.
