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JVP reveals tactics used by unscrupulous lenders to exploit poor borrowers at 365% interest rate

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Wasantha Samarasinghe

Some of the companies that granted loans online charged an interest of 365 percent, former JVP Parliamentarian Wasantha Samarasinghe said on Friday, addressing a press conference.Samarasinghe urged the Central Bank and other institutions to take immediate steps to regulate those lending outfits.

“These companies first ask you to download an app. Then you have to send them a selfie. Once the app is downloaded, the company has access to some of the data in your phone, including your contacts. They will start loaning money from then. These companies charge an interest rate of one percent a day,” he said.Samarasinghe said these loan schemes have a destabilizing influence on society.

“These companies want the debtors to start loan repayments within a week. If they can’t pay, the companies start calling people on your contact list. Then they use the selfie the debtor had sent and publish on social media. These people will start killing themselves soon,” he said.



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Navy brings fisherman in distress off Pothuvil, ashore

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The Sri Lanka Navy rescued a fisherman from a local fishing trawler that encountered distress due to adverse weather conditions off the eastern coast of Sri Lanka.

The rescue operation took place on 17 July 2026, approximately 15 nautical miles off Pothuvil.  The operation was launched following information received by the Maritime Rescue Coordination Centre (MRCC) Colombo.

In response, the Sri Lanka Navy deployed the Offshore Patrol Vessel SLNS Vijayabahu along with additional craft to conduct a search operation in the designated sea area, where they successfully located the distressed fisherman.

Following the rescue, the individual was brought aboard SLNS Vijayabahu, where naval personnel administered preliminary first aid. He was subsequently brought to the mainland and rushed for further medical attention.

Meanwhile, the Navy, along with the coordination of MRCC Colombo, remains constantly prepared to swiftly respond to the eventualities faced by maritime and fishing communities operating within the island’s Search and Rescue Region (SRR).

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Dengue outbreak gallops ahead: Infections surpasses 73,455, leaving 50 dead

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The countrywide dengue outbreak has intensified, with the death toll rising to 50, by July 16, as the number of reported infections surpassed 73,000, according to the National Dengue Control Unit (NDCU).

The country has recorded 73,455 dengue cases so far this year, with the case fatality rate standing at 0.07 percent, highlighting the severity of the ongoing outbreak.

The Western Province continues to remain the worst affected region, accounting for more than half of the total cases, with 38,700 infections. The Gampaha District has recorded the highest number of cases in the province with 15,341, followed closely by Colombo with 14,625.

The Southern Province has reported 11,382 cases, while the Sabaragamuwa and Central provinces have each recorded more than 6,000 infections.

Dengue cases have shown a sharp increase in recent months, with June recording the highest monthly total of 21,538 cases, while July has already reported 18,076 infections. In comparison, 8,590 cases were reported in May, and 5,651 in April.

Health authorities have identified 175 Medical Officer of Health (MOH) areas as high-risk locations during the 27th epidemiological week. An average of 2,677 new dengue cases are being reported daily, prompting authorities to intensify prevention and mosquito control measures.

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Evidence recorded in money laundering case against Yoshitha Rajapaksa

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Yoshitha

The Colombo High Court yesterday (17) resumed hearing the money laundering case filed against Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, under the Prevention of Money Laundering Act.

The proceedings were held before High Court Judge Udesh Ranatunga, where evidence was recorded from prosecution witnesses, under the direction of Deputy Solicitor General Janaka Bandara.

President’s Counsel Sampath Mendis, appearing for Yoshitha Rajapaksa, cross-examined the witnesses during the hearing.

After recording evidence, the court ordered that further examination of evidence be postponed until July 24.

The Attorney General has filed indictments, alleging that Yoshitha Rajapaksa committed an offence, under the Prevention of Money Laundering Act, by purchasing five plots of land in Dehiwala and Ratmalana, valued at more than Rs. 73 million.

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