Friday, March 20, 2015

Sri Lanka says Mahinda Rajapaksa officials hid more than $2billion in Dubai...

Sri Lankan investigators have located more than $2bn that was secretly transferred to accounts in Dubai by figures close to the administration of former president Mahinda Rajapaksa, the government said on Thursday.

Cabinet spokesman Rajitha Senaratne said the funds represented about a fifth of the total amount of so-called ‘black money’ that the authorities suspect was illicitly stashed abroad.

“We have information that more than $10 billion, more than our country’s foreign reserves, is kept outside the country by those closely related to the last government,” he told reporters.

 A former top official in Rajapaksa’s administration dismissed as “nonsense” the government’s suggestion that the money found was evidence of corruption. Full story...

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