By Maheesha Mudugamuwa
The Presidential Commission of Inquiry (PCoI) probing irregularities of Edirisinghe Trust Investments (ETI) has found that the property has been sold illegally, it is reported.
It was also found that money laundering had taken place during the sale of the property.
The Commission has further pointed out that the property could be taken over by the Government and legal action could be taken against the Edirisinghe family under criminal law.
The PCoI was appointed by President Gotabaya Rajapaksa in January to investigate whether there are any irregularities in the sale of properties owned by the group, through the intervention of the Central Bank to pay the depositors of ETI. The Commission was headed by former Supreme Court Judge K.T. Chithrasiri and included former Solicitor General Suhada Gamlath and senior banker D.M. Gunasekara.
The Commission was also tasked with investigating whether the sale of Swarnavahini's media network to several foreign companies was against Sri Lankan law.
It is also reported that the President has instructed the relevant departments to take necessary action regarding the recommendations of the CommissionPCoI on ETI: Illegal sale of property amidst irregularities
12 Oct 2020
PCoI on ETI: Illegal sale of property amidst irregularities
12 Oct 2020
By Maheesha Mudugamuwa
The Presidential Commission of Inquiry (PCoI) probing irregularities of Edirisinghe Trust Investments (ETI) has found that the property has been sold illegally, it is reported.
It was also found that money laundering had taken place during the sale of the property.
The Commission has further pointed out that the property could be taken over by the Government and legal action could be taken against the Edirisinghe family under criminal law.
The PCoI was appointed by President Gotabaya Rajapaksa in January to investigate whether there are any irregularities in the sale of properties owned by the group, through the intervention of the Central Bank to pay the depositors of ETI. The Commission was headed by former Supreme Court Judge K.T. Chithrasiri and included former Solicitor General Suhada Gamlath and senior banker D.M. Gunasekara.
The Commission was also tasked with investigating whether the sale of Swarnavahini's media network to several foreign companies was against Sri Lankan law.
It is also reported that the President has instructed the relevant departments to take necessary action regarding the recommendations of the CommissionKapruka
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!