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Corruption in Sri Lanka is considered a major problem in all levels of society, from the top echelons of political power to minor staff levels. According to Transparency International 's 2023 Corruption Perceptions Index (CPI), Sri Lanka scored a 34 on a scale from 0 ("highly corrupt") to 100 ("very clean").
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Sri Lanka’s Parliament on Wednesday approved an anti-corruption legislation as the island nation attempts to overcome an unprecedented economic crisis. The legislation is part of the ...
COLOMBO (Reuters) -Sri Lanka's parliament approved an anti-corruption bill on Wednesday, aimed at improving governance in the crisis-hit country and meeting requirements linked to a $2.9 billion ...
The Financial Crimes Investigation Division was formed on 26 February 2015 under the purview of Sri Lanka Police Service. FCID is directly responsible in handling the investigations on the corruption charges against the Rajapaksa Administration and the public service that involved in large-scale corruption which led to destabilize the Government revenue.
In 2022, as protests began growing in Sri Lanka, Jaliya Wickramasuriya, former Sri Lankan ambassador to the United States and Mexico, and a cousin of the Rajapaksa brothers, pleaded guilty in U.S. District Court for defrauding $332,027 from the Sri Lankan government during the purchase of a new embassy building in 2013.
Sri Lanka spinner Praveen Jayawickrama was charged with three counts of breaching International Cricket Council’s anti-corruption code. The world governing body said in a statement Thursday the ...
It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.