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Central Bank issues special notice to Nation Lanka Finance depositors
The Central Bank of Sri Lanka has announced that compensation payments to insured depositors of Nation Lanka Finance PLC will commence tomorrow (1).
Accordingly, the compensation payments will be made through selected branches of the People’s Bank.
The process has been initiated following the cancellation of the finance business licence of Nation Lanka Finance PLC.
Meanwhile, the Central Bank stated that eligible depositors under the Sri Lanka Deposit Insurance Scheme will be entitled to compensation of up to a maximum of Rs. 1.1 million, based on the total value of their insured deposits.
The compensation will be paid by crediting the funds to existing People’s Bank accounts, through newly opened accounts, or by cash payments over the counter.
The Central Bank revoked the finance business licence issued to Nation Lanka Finance PLC with effect from 3 July 2026 under Section 66(2) of the Banking (Special Provisions) Act,
Illegal assets to face seizure
Legal proceedings have been initiated to confiscate illegal assets worth Rs. 772 million in favour of the State during the period up to now in 2026, Police Media Spokesman Assistant Superintendent of Police F.U. Wootler said.
He made these remarks today (31) at a special media briefing held at the main operations office and media centre of the Ratama Ekata national programme.
During the briefing, updates were provided on the role of the Sri Lanka Police under the Ratama Ekata national programme, ongoing anti-narcotics operations, and the process of confiscating illegal assets belonging to drug traffickers.
The Police Media Spokesman further stated that legal action had been initiated in 2025 to confiscate illegal assets worth Rs. 1,549 million in favour of the State.
He added that the programme to identify assets acquired through drug trafficking and other illegal activities, and to confiscate them throug
Sri Lanka deploys drones and troops as dengue pushes hospitals to breaking point
Sri Lanka deploys drones and troops as dengue pushes hospitals to breaking point by Thusiyan
Sri Lanka has deployed military drones and troops from all three of its armed forces to hunt for mosquito breeding sites, as the worst outbreak of dengue fever in nearly a decade overwhelms hospitals across the island and lays bare the collapse of its public health system.
The mosquito-borne disease has killed 56 people and infected more than 77,000 since January, with more than a quarter of cases recorded in July alone. Infections have accelerated sharply, rising to 21,537 in June, more than double the May figure, towards a toll now approa
Ex-IGP Pujith Jayasundara sentenced to death
The Colombo Permanent Trial-at-Bar today (July 31) sentenced former Inspector General of Police (IGP) Pujith Jayasundara to death.
The judgment was delivered by a majority decision, with Judges Priyantha Liyanage and Tilakaratne Bandara finding former IGP Pujith Jayasundara guilty on charges filed against him.
However, Judge Viraj Weerasuriya had dissented. Finding that the prosecution had not proved the case beyond a reasonable doubt, he acquitted the accused.
Jayasundera was sentenced by the court which found him guilty of criminal dereliction of duty, attempted murder and murder, for failing to prevent the Easter Sunday bomb attacks despite receiving prior intelligence warnings.
The ruling was announced regarding the indictments filed by the Attorney General against former Defense Secretary Hemasiri Fernando and former IGP Pujith Jayasundara over their alleged failure to prevent the Easter Sunday bomb attacks despite receiving sufficient i
Thaiyiddy landowners continue protest against illegal Buddhist vihara
Thaiyiddy landowners continue protest against illegal Buddhist vihara by Thara
Tamil landowners in Thaiyiddy continued their protest this week, demanding the return of privately owned lands on which they say the illegally constructed Tissa Vihara has been established.
The demonstrators insisted that the land occupied by the Buddhist vihara, together with the surrounding private properties, must be restored to their rightful owners.
The protest has become a recurring act of resistance, with landowners gathering on every full moon day to press their longstanding demand for the release of their ancestral lands.
The lat
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