BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
World

Sri Lanka minister convicted of extortion

Published Updated
By

COLOMBO: A cabinet minister in crisis-hit Sri Lanka was convicted on Monday of extorting money from a businessman over a land deal, a rare guilty verdict in a graft case in the South Asian country.

Prasanna Ranatunga – whose elder brother Arjuna captained the country’s cricket World Cup winning team – was given a two-year suspended prison sentence and fined 25 million Sri Lankan rupees ($68,500).

He is currently the urban development minister and was previously responsible for tourism, before a brief spell as public security minister.

Sri Lanka ranks 102nd out of 180 countries in Transparency International’s Corruption Perceptions Index for 2021, but it is extremely rare for senior Sri Lankan politicians to face accountability for graft allegations.

Ranatunga intimidated the businessman to demand a bribe of 64 million rupees in 2015 (then about 470,000 US dollars), the high court found.

Only part of the money had been paid when the developer went to the police after he said Ranatunga threatened to kill him if he did not pay up in full.

As well as the suspended jail term and fine, High Court Judge Manjula Thilakaratne ordered Ranatunga to pay the man one million rupees (2,700 US dollars) in compensation.

Crisis-hit Sri Lanka hopes for over $1bn in foreign investment this year

“The judge also ruled that the minister must serve a 12-year sentence should he neglect to pay the fine and compensation,” a court official said.

There was no immediate comment from the 55-year-old politician, who at the time was the chief minister of the Western Province, which covers the capital Colombo.

Ranatunga is a major ally of President Gotabaya Rajapaksa and serves as his chief government whip in parliament.

Since Rajapaksa came to power in November 2019, a string of politicians, including his younger brother Basil, have been discharged from corruption cases after the state withdrew charges on “technical issues”.

Thousands of people have been protesting outside Rajapaksa’s office in Colombo since April 9, demanding his resignation over the country’s catastrophic economic crisis.

Sri Lanka is facing a serious shortage of foreign exchange to finance even the most essential imports such as food, fuel and medicines.

Comments

Comments are closed for this article.