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Swarnamahal directors on bail re-arrested on different charges

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AG refers to loss of Rs 6.4 bn as a result of criminal misappropriation, cheating and money laundering

By Shamindra Ferdinando

The police yesterday (8) re-arrested Directors of now defunct ETF Finance Ltd soon after Attorney General Dappula de Livera, PC, ordered the CID to take them into custody on charges of criminal misappropriation, cheating, money laundering and other offences.

The AG’s Department Spokesperson State Counsel Nishara Jayaratne said that the total amount referred to in the above mentioned cases was approximately Rs 6.48 bn.

Police spokesman DIG Ajith Rohana confirmed the arrests.

The AG issued instructions close on the heels of the four directors namely Nalaka Premal Edirisinghe, Jeewaka Edirisinghe, Anjali Deepa Edirisinghe and Asanka Edirisinghe being granted bail by the Fort Magistrate on Wednesday (6).

Responding to a query, State Counsel Jayaratne told The Island that the CID earlier produced the suspects before the Fort Magistrate in connection with the Swarnamahal Jewellers case. Both State Counsel Jayaratne and DIG Rohana said that they were re-arrested in connection with the ETI Finance case.

Nalaka Premal Edirisinghe is the Director and Managing Director of ETI Finance. Nalaka Premal Edirisinghe surrendered to the CID on Wednesday whereas the others were taken into custody on the previous day. In connection with the offenses relating to Swarnamahal Jewellers, the police spokesman on Wednesday estimated embezzlement at Rs 7.2 bn.

Nalaka Premal Edirisinghe is also the Executive Director of Swarnamahal Financial Services, PLC, a member of Sri Lanka Gem Traders Association and a director of 14 companies.

DIG Rohana said that on the basis of investigations conducted by the CID on the instructions of the Attorney General Dappula de Livera, PC, the suspects were allegedly responsible for cheating, criminal breach of trust and criminal misappropriation.

Depositors who lost money as a result of the embezzlement called a media briefing in Colombo where they demanded the government take tangible measures to compensate them. They vowed to step up protests until justice was done. They alleged those responsible for ensuring transparency and stability allowed some finance companies to manipulate the process at the expense of the hapless public.



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Govt. determined to press ahead with 22A: Justice Minister

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Nanayakkara

By Shamindra Ferdinando

Justice and National Integration Minister Harshana Nanayakkara said yesterday that the government would proceed with both the 22nd Amendment to the Constitution, and the Judicature (Amendment) Bill, because the government could not achieve its goal by increasing the retirement ages of a section of the judges.

The Attorney-at-Law declared that the government would go ahead with both Bills, whatever the obstacles. The Minister was responding to The Island query whether the government would go ahead with the Judicature (Amendment) Bill that hadn’t been so far challenged in the Supreme Court, pending the decision on the controversial 22nd Amendment facing tough legal challenge.

Nanayakkara emphasised the importance of the enactment of both Bills. The 22nd Amendment seeks to increase the retirement ages of Supreme Court judges to 67 from 65 and Court of Appeal judges from 63 to 65. The Judicature (Amendment) Bill seeks to increase the retirement ages of the High Court judges to 63 from 61, and that of the District court judges and and Magistrates to 62.

Minister Nanayakkara said that the enactment of both Bills simultaneously would make a significant contribution to improve the overall situation, particularly dealing with a backlog of 1.1 million cases.

Joint Opposition and the Bar Association of Sri Lanka (BASL), too, acknowledged that petitions against the Judicature (Amendment) Bill were yet to be filed.

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U.S. Ambassador designate to Sri Lanka Eric Meyer here

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U.S. Ambassador-designate Eric Meyer arrived in Colombo on the evening of August 22, 2026, to assume duties as his country’s next Ambassador to Sri Lanka., the embassy said.

Ambassador-designate Meyer expressed his enthusiasm for the opportunity to serve as the 29th U.S. Ambassador to Sri Lanka, stating: “It is an honour to represent the United States in Sri Lanka. I look forward to building on the strong foundation between our two democracies to advance a U.S.-Sri Lanka partnership that creates new opportunities for American businesses, furthers our shared security interests, and delivers greater prosperity for both Americans and Sri Lankans.”

Prior to his assignment in Sri Lanka, he served as Chargé d’Affaires, a.i., at the U.S. Mission to Norway and, before that, as Senior Bureau Official for the Bureau of South and Central Asian Affairs at the Department of State.

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GL alleges Justice Minister committed contempt of court by ruling out referendum

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Prof. G.L. Peiris, flanked by former parliamentarians Patali Champika Ranawaka and Dr. Suren Ragavan addresses the media at ex-President Wickremesinghe’s Flower Road Office

By Shamindra Ferdinando

The Joint Opposition yesterday questioned Justice and National Integration Minister Harshana Nanayakkara’s recent declaration that a referendum wouldn’t be held to decide the fate of the 22 Amendment.

Former External Affairs Minister Prof. G. L. Peiris took exception to Nanayakkara’s statement. Addressing the media at former President Ranil Wickremesinghe’s Flower Road Office, Prof. Peiris said that the Supreme Court was still in the process of receiving petitions against the 22n Amendment to the Constitution.

In fact, petitions could be filed over a period of two weeks from the day the amendment bill was presented to parliament, Prof. Peiris said. Minister Nanayakkara tabled the bill on 18 August.

The convenor of the Joint Opposition asked how Minister Nanayakkara predicted that there wouldn’t be a referendum even before the end of the two week period allocated for the public to submit petitions. The Supreme Court decision would be made known to the Speaker within three weeks, Prof. Peiris said, declaring that the Justice Minister shouldn’t consider the Supreme Court as a rubber stamp of the government.

The former parliamentarian emphasized that the NPP government couldn’t under any circumstances intervene in the process undertaken by the Supreme Court. Referring to the growing number of petitions filed against the 22 Amendment, Prof. Peiris said that all petitioners agreed that the matter should be decided at a referendum.

Prof. Peiris alleged that the Justice Minister ruling out a referendum was contempt of court. He reiterated the call for all sitting Supreme Court judges to hear the petitions. Commenting on three Amendments before the Supreme Court namely the 22 Amendment to extend the retirement ages of superior court judges, Judicature (Amendment) Bill to extend the retirement ages of High Court, District Court and Magistrate court judges and amendments to the Anti-Corruption Act, Prof. Peiris alleged that the government was creating an environment to divide the available Supreme Court judges to deal with all three, simultaneously.

Prof. Peiris said that this was done deliberately to manipulate the process to facilitate the government initiative. Although the Supreme Court consists of 17 judges, including the Chief Justice, four vacancies remained for several months.

The ex-minister appreciated the clergy representing all faiths declaring opposition to the 22 Amendment.

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