Kaduwela Magistrate Court Has Allowed The Government To Invest CNN Channel's Money In Central Bank

The Kaduwela Magistrate Court has today (10)given permission to the government to invest  Rs.157.5 million currently invested in Carlton Sports Network(CSN) Channel  at  Central Bank  the Minister Of Health,Nutrition and Indigenous Medicine and Co Cabinet Spokesman Dr.Rajitha Senaratne has stated .

The above mentioned money was   illegally invested in CNN Channel Dr.Senaratne has revealed.

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Former Minister Johnston Fernando Has Given A Statement To FCID

The former Minister Johnston Fernando has today(10) given a statement to Police Financial Crimes Investigations Division regarding an allegation leveled against him on importing of 222,717 metric tonnes of Rice to "Sathosa"without a cabinet approval when he was the Minister.

The former minister Fernando had recently given a statement  to Presidential Commission Of Inquiry regarding the same allegation .

Imprisoned National Freedom Front Media Spokesman Mohommad Muzammit Has Been Released On Bail

The Media Spokesman of the National Freedom Front(NFF) Mohommad Muzammil who was detained and remanded last June over misusing of a vehicle belonging to the Presidential Secretariet in 2010 during the previous regime, has been granted bail by Colombo Fort Magistrate today(10).

The Media Spokesman NFF who is also a former MP was released on a cash bail of Rs.25,000 and two personal bails of Rs.1 million each after being produced before the Magsitrate.

The Police Financial Crimes Investigations Division(FCID) has detained the Muzammil on 20th of June after recorded a statement of him regarding the allegation leveled against him.

 The FCID has informed the court today that the NFF Media Spokesman has misused a vehicle belonging to Presidential Secretariet and deposited funds around Rs.6.2million in his wife's accounts which obtained from the State Engineering Corporation to purchase an official  vehicle.

Cabinet Has Given Approval To Draft A Special Deposit Account Act Which Target The Foreigners

The Cabinet has given the approval to draft the Special Deposit Account Act which allowes to    grant residency visas for foreigners who bring a large amount of foreign money to Sri Lanka .

Accordingly under the proposed act a foreigner who bring US 300,000 to Sri Lanka will be given 10 year residency visa the Government has announced.

Howver according to the proposal made by Finance Minister Ravi Karunanayake to draft the above mentioned act these residency visa holders will not entitled to employed in Sri Lanka.Through these foreigners who bring a large amount of foreign money to Sri Lanka a demand will create for products and services here and as a result it will provide employment opportunities and business parrtners for Sri Lanka the government has stated.