News
Case against Yoshitha and Daisy Forrest postponed
The Colombo High Court yesterday ordered that the case, filed under the Prevention of Money Laundering Act against Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, and his grand-aunt Daisy Forrest Wickramasinghe, be recalled on June 10.
The case was taken up before High Court Judge Rashmi Singappuli.
At the hearing, State Counsel informed the court that a related case, on similar charges, had been filed before High Court No. 08. The court was further informed that a revised indictment has been directed to be filed in that case, necessitating the submission of a revised indictment in the present case as well.
State Counsel requested time to report on the progress of those proceedings.
Accordingly, the judge ordered that the case be called on June 10 and directed that progress be reported on that date.
The case pertains to three indictments filed by the Attorney General alleging that between March 31, 2009, and December 12, 2013, the accused had committed an offence under the Prevention of Money Laundering Act by depositing over Rs. 59 million in three private banks, the source of which could not be explained.
Approval has been granted at the Cabinet meeting held on 22.07.2024 to publish the draft bill of State Assets Management Act in the government gazette notification and thereby present it to the Parliament for its concurrence.
However, the draft bill couldn’t be passed in Parliament as a result of the Parliament being dissolved in the month of October 2024.
Thereafter, the draft bill was subject to further inspection by a
committee appointed which comprised of officials and authorities on the subject.
The said Committee has recognized the amendments to be made and a fundamental draft has been prepared including the proposed amendments.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to suspend further activities regarding the draft bill of State Assets Management Act published in the extraordinary gazette of 02.08.2024, and to direct the Legal Draftsman to prepare a draft bill based on the fundamental draft prepared by the subject specialists’ committee.
Considering the compliance of the Cooperative Societies’ operations with the concurrent socio – economic circumstances as well as the changes in the common law, the requirement of amending the Cooperative Employees Commission Act No. 12 of 1972 has been recognized.
A fundamental draft including proposed amendments based on the experience gained by that Commission as well as the opinions and proposals of Cooperative societies, their director board members, cooperative employees and other interested parties has been prepared.
Accordingly, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Trade, Commerce, Food Security and Cooperative development to provide instructions to the Legal draftsman to prepare a draft bill to amend the Cooperative Employees Commission Act No. 12 0f 1972, based on the said fundamental draft.
Latest News
Dilki Wathsala Marambage appointed as Director General of the Department of Technical Education and Training
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