Thu, 28 Mar 2024 Today's Paper

Ex-NSB Chairman gets suspended sentence

By

26 November 2018 05:12 pm - 2     - {{hitsCtrl.values.hits}}

A A A

The Colombo Chief Magistrate's Court today convicted former NSB Chairman Pradeep Kariyawasam for illegally allowing the purchase of overvalued shares of The Finance Company by the National Savings Bank.

Mr. Kariyawasam, the husband of former Chief Justice Shirani Bandaranaike, was given a 5-year suspended sentence and a fine of Rs.300,000 by the Magistrate.

The court has made this order after considering the fact that the convicted had no previous offences and the loss resulted in, from the transaction, had been reduced after immediate action was taken to reverse the deal. (Nimanthi Ranasinghe)


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 2

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Sofia Monday, 26 November 2018 07:46 PM

    Remember this was an offence during MR tenure as President. One of the many fraudulent deals.

    Palle Monday, 26 November 2018 10:24 PM

    This is one of the reason for the impeachment of his wife.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H