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U.S. Congress to probe assets fleecing by US citizens of Sri Lankan origin

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United States Congressman Steven Horsford expressing his awareness of the financial calamity and bankruptcy situation faced by Sri Lanka declared that he was well aware that a single family in authority in Sri Lankan affairs was largely responsible for it, and disclosed that he was initiating a Congressional investigation to ascertain who was responsible for fleecing Sri Lankan resources that led to the current unfortunate situation.

It was disclosed that such probe comes within the US Federal legal jurisdiction.

Horsford revealed that he would be in consultation with US Congressman Gregory Meeks, who heads the influential House Foreign Affairs Committee and also a senior member of the most powerful congressional Financial Services Committee, to initiate the probe. The revelation was made at a recent meeting with a group of US-based Sri Lankans.

Horsford is a member of the House Ways and Means and Budget Committees that have the jurisdiction to probe money laundering and asset fleecing. So is Congressman Meeks, a senior member of the House Financial Committee. The Committee he head, Foreign Affairs, has direct jurisdiction over Sri Lanka.

When he participated on Friday, April 22 at a fundraiser organized by Sri Lankan expatriates in Las Vegas, in the State of Nevada, Horsford disclosed his plan to intiate an investigation of foreign asset fleecing by US citizens who are part of the administration in Sri Lanka, Horsford represents a Congressional District in Nevada that has a large Sri Lanka expatriate community. He is up for re-election for the US Congress this November.

He stated at the fundraising event: “As the current situation in Sri Lanka, the country is facing bankruptcy and financial collapse due to the family that controls the nation. I’ll assure you that leadership of the United States is made aware of this. I am in touch with Chairman Gregory Meeks on this issue. I am confident I can work with the US Congress to disclose those responsible for fleecing Sri Lankan resources”.

Horsford used the term ‘asset fleecing’ thrice during his address.

The Nevada Congressman was largely responsible in getting increased amount of Covid-19 vaccines to Sri Lanka last year when the country was facing an acute shortage in consultation with the Department of State and US Agency for International Development (USAID), it was disclosed at this gathering by the convener of the fundraising event and a leading political activist of the Nevada Democratic Party Sanje Sedera.

Sedera is currently Chairman of the Sri Lanka America Chamber of Commerce, a national organisation involved in trade, commerce and investment based in Las Vegas while being the president of the Sri Lankan Association.

Horsford’s successful initiative to provide increased amount of medical supplies made Sri Lankan expatriate community rally round him to raise funds for his November re-election bid to the US Congress. The Sri Lankan expatriates said they were delighted to hear that Horsford would be in consultation with House Foreign Affairs Committee Chairman and senior member of the Financial Services Committee Gregory Meeks to initiate an investigation of Sri Lanka’s First Family members of their alleged fleecing of the country’s assets.

Sri Lankans domiciled in the State of Nevada held a rally urging a change of system and administration voicing their displeasure at the ‘Rajapaksa rule’ two weeks ago in Las Vegas.

Congressman Steven Horsford made the above declaration as the United States has legal provisions in Federal statutes to launch such money laundering-fleecing investigation.

The United States has legal jurisdiction to probe such activities of US citizens are engaged in foreign countries. There are certain circumstances in which the United States may apply domestic law abroad. The US may give extraterritorial effect to its laws in cases involving (1) U.S. citizens abroad (2) Foreign citizens employed by U.S. companies abroad (3) Violation of certain laws, such as Foreign Corrupt Practices Act.

In the case of Asserting Jurisdiction Abroad, the US may assert jurisdiction over the conduct of US citizens abroad, and over the conduct of others against US citizens abroad.

The United States may assert jurisdiction abroad if doing so is necessary for its security or government functions.

Under the protective principle, a state has jurisdiction to prescribe a rule of law attaching legal consequences to conduct outside its territory that threatens its security as a state or the operation of its government functions.

The United States may assert jurisdiction over anyone committing a heinous crime, regardless of the location of the crime or nationality of offender or victim.

When Congressmen Horsford and Gregory Meeks along with other US Federal officials meet to deliberate of Sri Lankan assets’ fleecing, and whether such acts hinder the operation of US government functions, the above federal laws will be discussed.



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Diesel replacement costs up to Rs. 4.5 bn in April

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Norochcholai Power Plant

Coal power generation falls by 27 GWh

A sharp decline in coal-fired electricity generation in April 2026, compared to the corresponding month last year, may have cost Sri Lanka more than Rs. 4.5 billion, as the country was compelled to rely on significantly more expensive diesel-powered generation to make up the shortfall, according to power sector data.

The coal-based electricity generation, in April 2026, was 27 GWh lower than in April 2025, a development that has sparked concern among energy experts and economists over the mounting financial burden on the country’s already strained power sector.

Industry calculations reveal that generating the lost 27 GWh through diesel-fired power plants would require approximately 8.1 million litres of fuel, based on a standard consumption rate of 0.3 litres per kilowatt-hour.

With fuel costs estimated at around USD 286 per barrel, or roughly USD 1.80 per litre, the replacement power would have cost approximately USD 14.57 million. At the prevailing exchange rate of about Rs. 315 to the US dollar, the bill exceeds Rs. 4.5 billion for April alone.

Energy sector analysts say the figure highlights the enormous economic value of maintaining high availability at coal-fired power plants, particularly at a time when Sri Lanka is seeking to reduce electricity costs and strengthen energy security.

“The financial impact of losing low-cost coal generation is substantial. Every unit not generated by coal has to be replaced by a much more expensive source, usually diesel or fuel oil, which ultimately affects the finances of the power sector and the wider economy,” a senior energy analyst said.

Even under a more conservative calculation, based on the average electricity generation cost of around Rs. 72 per unit recorded in 2025, the loss remains significant. The 27 million units not generated from coal would translate into an additional cost burden of nearly Rs. 2 billion.

The decline in coal generation comes at a critical juncture for Sri Lanka’s energy sector.

 The government has repeatedly emphasised the need to maintain affordable electricity tariffs, while reducing dependence on imported fossil fuels and expanding renewable energy capacity.

Experts warn that any sustained reduction in low-cost baseload generation could undermine these objectives, increasing the need for costly thermal power and placing additional pressure on foreign exchange reserves.

The latest figures are expected to intensify scrutiny of generation planning, fuel procurement strategies and the operational performance of major power plants. They also underscore the importance of ensuring uninterrupted operation of coal-fired facilities until sufficient renewable and storage capacity is available to replace them reliably.

With the country striving to maintain economic stability and energy affordability, analysts argue that avoiding such generation shortfalls must remain a top priority for policymakers and power sector planners.

By Ifham Nizam

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Sallay on hunger strike: Counsel warns CID

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Sallay

Asith Siriwardena Counsel for former Director of State Intelligence Service, Major General (Retd.) Suresh Sallay, detained under the Prevention of Terrorism Act (PTA) over the 2019 Easter Sunday attacks, has called upion the Director of the CID, SSP G. S. Abeysekara, to transfer his client either to a private or government hospital to receive urgently needed teatment.

Sallay was on a hunger strike, claiming mistreatment by the CID, his wife said, after visting him, yesterday.

Siriwardena wrote to the CID Director yesterday (07) after Sallay was visited by his wife, son and brother.

The text of the letter: “The family observed that Mr. Sallay’s physical condition has deteriorated to an alarming and critical level.

“He is reportedly unable to attend the visitation without the physical assistance of two officers. During the visit, he informed his family that he had refused medication, saline, food, and water. He further expressed a belief that his death is imminent and requested that arrangements be made for the donation of his eyes. He also requested an immediate visit from his Attorney for the purpose of executing his last will and other related legal documentation.

“These statements, and circumstances, demonstrate a grave deterioration in his physical and psychological condition. It is apparent that he is no longer capable of making rational decisions concerning his own welfare, health, and survival.

The prolonged conditions, under which he is presently being held have, at the very least, created a serious and immediate risk to his life.

“The State assumes a non-delegable duty of care toward every person held in its custody. Once an individual is deprived of liberty, the responsibility for safeguarding that person’s life, health, and wellbeing rests squarely upon the authorities exercising control over that individual. Any failure to discharge that duty in the face of a known and imminent medical emergency is a matter of the utmost legal seriousness.

“You are hereby formally notified that Mr. Sallay requires immediate medical intervention by qualified independent medical professionals and urgent transfer to an appropriate hospital facility capable of providing comprehensive assessment and treatment. Any delay, refusal, or failure to act despite clear knowledge of his precarious condition may give rise to personal and institutional liability under the criminal and civil law of Sri Lanka

“Should General Sallay suffer irreversible injury or death while remaining in the present conditions despite this explicit warning, it will be open to the relevant authorities, courts, and investigative bodies to examine whether such conduct amounts to a deliberate disregard of a known and foreseeable risk to life. Those responsible for decisions concerning his continued detention and medical care may be required to account personally for their actions and omissions.

“Accordingly, I demand that:

1. Mr. Sallay be transferred forthwith to a government or private hospital equipped to provide urgent medical treatment;

2. He be examined immediately by independent medical specialists, including psychiatric professionals if necessary; His legal representatives and family be granted reasonable access to him;

3. A written update on his medical status and the measures taken for his protection be provided without delay. This letter constitutes formal notice. Any further failure to act despite knowledge of the circumstances set out herein will be relied upon in any future judicial, criminal, constitutional, or international proceedings arising from harm suffered by my client.”

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Opp. questions why Rs 10 bn meant for Ditwah victims held in Treasury account

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Sanjeewa

The Opposition says the NPP government should explain why the funds received by Rebuilding Sri Lanka haven’t been utilised to provide relief to those affected by Ditwah cyclone in late November last year.

The failure on the part of the government to utilise as much as Rs 10 bn, received from local and foreign donors, came to light when the National Audit Office (NAO) appeared before the Public Finance Commission recently.

The NAO told the House Committee that no statutory fund currently existed under the name “Rebuilding Sri Lanka” and the programme operated through an account maintained under the Deputy Secretary to the Treasury.

The NAO declared that no payments had been made through this account to date.

Former SLPP MP Sanjeewa Edirimanne said that until the disclosure made by the NAO the country had been led to believe the Rebuilding Sri Lanka fund provided post-Ditwah relief. Pointing out that JVP General Secretary Tilvin Silva’s declaration in Jaffna that funds allocated to hold Provincial Council polls

had been utilised to assist Ditwah victims, Edirimanne said such blatant lies were propagated while the government held on to Rs 10 bn meant for the disaster victims.SJB MP Mujibur Rahman questioned the rationale behind keeping funds received specifically for Ditwah victims still living under extremely difficult conditions. (SF)

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