×
E-PAPER ▾

E-paper

World

Sri Lanka’s Foreign Min resigns over alleged scandal

| | Colombo

 Sri Lanka’s Foreign Minister Ravi Karunanayake resigned on Thursday over corruption allegations after being linked to a businessman under investigation for alleged irregularities at a Government bond sale. Karunanayake, 54, told Parliament that he was resigning from the Cabinet to create a new political culture in Sri Lanka and ensure that opponents are not able to destabilise the Government.

“I am resigning not with any guilt but with pride,” Karunanayake said and dismissed allegations of corruption. Last week, Karunanayake appeared before a presidential commission of enquiry in connection with the bond sale scandal in 2015.

Perpetual Treasuries Ltd, a subsidiary of a company owned by the son-in-law of Sri Lanka’s then-central bank chief Arjuna Mahendran, bought more than half of the controversial bond issue on February 27, 2015, prompting charges of a conflict of interest. Mahendran and his son-in-law, Arjun Aloysius, have denied any wrongdoing. Karunanayake is accused of taking on lease a luxury apartment in Colombo paid for by Aloysius of Perpetual Treasuries.

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

N Korea blames US for tensions in rare UN talks

10 Dec 2017 | AFP | Seoul

North Korea blamed US "nuclear blackmail" for soaring tensions over its weapons programme in rare meetings with a senior UN official, but agreed to regular communication with the organisation, state media said today. Jeffrey Feltman arrived in Beijing today after wrapping up a five-day visit to Pyongyang aimed at defusing the crisis, just a week after North Korea said it test-fired a new ballistic missile capable of reaching the United States...

Read More

STATE EDITIONS

View All

NP University to go for skill development, placement drive to take place soon

14 Dec 2017 | PNS | DALTONGANJ

Following a directive from Secretary of Higher and Technical Education and Skill Development, Ajoy Kumar Singh, who in the meeting with the VCs the State universities on Tuesday in Ranchi asked to launch an intensive drive for the registration of the pass students of session 2015, 2016 and 2017 for placement, VC of Nilamber Pitamber University SN acknowledged going after this directive. Briefing newsmen here SN Singh said, “The...

Read More

Page generated in 0.4444 seconds.