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Prez AKA urged to find Rajapaksa’s stashed money in Uganda
ECONOMYNEXT –President Anura Kumara Dissanayake and his party members should now investigate long alleged stolen money in Uganda by former leader Mahinda Rajapaksa’s family, Rajapaksa-led former ruling party members said.
Dissanayake and his party have long accused the Rajapaksa family of taking wealth out of Sri Lanka they were supposed to have earned from commissions and other deals through illegal and inappropriate means when in public office.
“President Anura Kumara Dissanayake (AKD) and his team have been alleging for years that we have stashed away billions of dollars in Uganda and various countries. It is now time for President AKD to prove his allegations,” Rajapaksa’s eldest son Namal Rajapaksa said on his personal X (twitter) platform.
Rajapaksa junior contested through the previous ruling coalition of nationalist Sri Lanka Podujana Peramuna (SLPP) and lost the September 21 presidential poll to Dissanayake, who became the first leftist leader of Sri Lanka with less than 50 percent majority after a second vote count.
Dissanayake and his Marxist Janatha Vimukthi Peramuna (JVP) during the election campaign have promised to bring back stolen assets and take legal action against Rajapaksa and his family members for corrupt deals and wealth accumulation using his public office.
“When they were in the opposition, they leveled various accusations against politicians and past governments. It was their duty then as an opposition. But now the situation is different,” Sagara Kariyawasam, the General Secretary of Rajapaksa-led SLPP told reporters at a media briefing.
“First of all, the JVP should understand this. Though they staged media shows and accused others, now their party leader Anura Kumara Dissanayake is the president. Now all the law implementing agencies are operating under him,” the former SLPP legislator said.
“In the past they had accused Rajapaksa of looting the money. They had said $18 billion money was stolen and taken to Uganda. So now they have to investigate these allegations and find evidence for these allegations.”
Kariyawasam said the SLPP is wary of the Dissanayake-led government’s stance on taking action against past allegations made by them and trying to evade from their responsibilities of proper investigation.
President Dissanayake in an interview with a local television station before the election said that he had been carrying heaps of files in his vehicle which contain all the corruption details of mostly politicians and would be probing them once he comes to power.
“But they did not want to put them (files) in public citing that they could not trust the public officials and they will do that when they have the state powers. Rather than saying this repeatedly, they should act immediately,” Kariyawasam said.
“If you are trying to do the same media show again and again to win the upcoming parliament election, it is an injustice for the voters who cast their votes for you and the citizens of this country who did not vote for you all,” he said.
When Maithripala Sirisena won the presidential poll in 2015, he promised to arrest and take legal action against Rajapaksas with evidence. However, his government failed to prove anything despite the arrests of at least three Rajapaksas including Namal.
Lack of action against corruption led the Sirisena government to become unpopular soon and helped SLPP to record a landslide win in the 2018 local government poll.
Later, most of the corruption cases were either dropped or withdrawn by the Attorney General’s Department and some of the accused Rajapaksas were acquitted under former president Gotabaya Rajapaksa, the brother of Rajapaksa and the war-time defence secretary.
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Showers will occur at times in the Western, Sabaragamuwa, Central, North-western and Northern provinces and in Anuradhapura, Galle and Matara districts
WEATHER FORECAST FOR 16 MAY 2026
Issued at 05.30 a.m. on 16 May 2026 by the Department of Meteorology
According to the today’s latest weather analysis, the low-pressure area located northeast of Sri Lanka, still persists. The Department of Meteorology is continuously monitoring the behavior, development and path of the system.
Due to the influence of the above system, Showers or thundershowers will occur at times and cloudy skies are expected in the Western, Sabaragamuwa, Central, North-western and Northern provinces and in Anuradhapura, Galle and Matara districts. Fairly heavy showers about 75 mm are likely at some places in these areas. Showers or thundershowers may occur at a few places in the Uva and Eastern provinces after 1.00 pm.
The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.
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Lanka’s eligibility to draw next IMF tranche of USD 700 mn hinges on ‘restoration of cost-recovery pricing for electricity and fuel’
The International Monetary Fund (IMF) said on Thursday that the completion of Sri Lanka’s combined Fifth and Sixth Reviews, under the Extended Fund Facility (EFF), remains subject to approval by its Executive Board, which is expected to meet in the coming weeks.
Addressing a media briefing, IMF Communications Department Director, Julie Kozack, said IMF staff and Sri Lankan authorities had reached a staff-level agreement on 09 April.
She noted that several prior actions must be completed before the programme can be submitted to the Executive Board, including the restoration of cost-recovery pricing for electricity and fuel, measures to protect vulnerable groups, and the completion of financing assurances.
Upon Board approval, Sri Lanka would gain access to approximately US$700 million in financing, Kozack said.
Responding to a question on whether the government’s fuel subsidy scheme — including the Rs. 100 per litre diesel subsidy — was consistent with the IMF’s pricing framework, Kozack declined to comment directly on the measure. However, she reiterated that the programme requires both cost-recovery pricing reforms and safeguards for vulnerable communities.
Kozack also observed that Sri Lanka had recently faced “two very large shocks”, referring to Cyclone Ditwah and the wider external impact of the Middle East conflict, which, she said, had affected both the economy and the public.
Despite these challenges, she said Sri Lanka’s reform programme was yielding positive results, citing strong fiscal performance in 2025, progress in debt restructuring, 5 percent economic growth, and inflation returning to positive territory following a period of deflation.
She reaffirmed the IMF’s commitment to supporting Sri Lanka’s reform agenda, stressing that the institution continues to work closely with the authorities to sustain economic stability and recovery.
News
Sanath Nishantha’s brother sentenced to jail over assault case
Former Arachchikattuwa Pradeshiya Sabha Chairman, Jagath Samantha, was yesterday sentenced to five-and-a-half years’ rigorous imprisonment by the Chilaw High Court after being found guilty of assaulting the Arachchikattuwa Divisional Secretary.
The court also ordered Samantha to pay Rs. 1 million as compensation to the victim, failing which he will serve an additional 24 months in prison.
The case had originally been filed against former State Minister Sanath Nishantha and his brother Jagath Samantha over the assault incident.
However, following the death of Sanath Nishantha, in a road accident on the Katunayake Expressway, on 25 January, 2024, only Samantha appeared before court for the proceedings.
The verdict was delivered after the High Court considered the evidence and submissions presented during the trial.
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