Shock Waves
July 24, 2008 (LBO) - A landmark court ruling against Sri Lanka's John Keells group involving the privatization of a profitable marine bunkering unit which was …
Legal
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Aussie Arrest
July 16, 2008 (LBO) - Australian police have arrested the director of a Melbourne business school over links with Tamil Tigers following a request from US …
Battle Values
July 13, 2008 (LBO) - Sri Lanka's Stassen group controlled by tycoon Harry Jayewardene had been valued at over 24 billion rupees (228 million US dollars) by …
Rating Code
June 02, 2008 (LBO) – A new code of conduct for rating agencies has been published by a grouping of securities regulators after the sub-prime credit …
Fined
May 30, 2008 (LBO) – Sri Lanka securities watchdog said Nawaloka director Jayantha Dharmadasa has been fined over a price manipulation case involving the …
Freed
May 22, 2008 (AFP) - An appeal court on Thursday overturned a two-year prison term for breaking immigration law and dropped all charges against former cricket …
Costly Ruling
May 14, 2008 (LBO) - Sri Lanka's five-star city hotel Galadari Hotels said Wednesday it had been ordered to pay 101 million rupees in an arbitration hearing …
Netting Victims
May 07, 2008 (LBO) – Hundreds of Indian victims of the Goldquest scheme are flocking to police to lodge complaints after courts ordered authorities to …
Copy Cats
April 25, 2008 (LBO) – Vendors selling fake ink cartridges in Sri Lanka under the Toshiba trademark are being hunted and prosecuted, regional Toshiba …
Shady Deals
April 15, 2008 (LBO) – Sri Lanka's stock markets regulator is investigating a number of cases of manipulation of the share market on the Colombo Stock …
Bad Justice
April 12, 2008 (AFP) - A Sri Lankan court has released a man who was held in custody for 55 years without charge, a report said on Saturday. Thantriye Emis …
Inside Deals
April 11, 2008 (LBO) – A Sri Lankan supreme court judge has proposed amending regulations on stock market offences to cover markets regulators as well as …
Boardroom Behaviour
April 10, 2008 (LBO) – Sri Lanka's top state legal advisor has told company directors not to be mere 'rubber stamps' but to act independently and in the …
Carrot& Stick
April 01, 2008 (LBO) – Tight new immigration regulations that came into effect on April 01, will ban rule breakers from visiting Britain for ten years, …
Censorship
Mar 23, 2008 (LBO) – Books written by academics based in Sri Lanka which were printed abroad had been seized by the island's customs authorities, in a …
Airport Alert
LONDON, March 15, 2008 (AFP) - A Sri Lankan national appeared in court in London Saturday charged with endangering aircraft after a major security alert at the …
Indian Collapse
March 3, 2008 (LBO) – India is deploying crack sleuths to track down the operators of a Goldquest-Questnet scheme in the Karnataka state after thousands …
Pottu Test
Mar 01, 2008 (LBO) – A Sri Lankan Supreme Court judge said society discriminates against its members despite pledging allegiance to a human rights …
Dispute Resolution
Feb 29, 2008 (LBO) – Sri Lanka's state sector should have alternative ways to solve problems without striking and hurting the public who are paying their …
Bad Show
Feb 29, 2008 (LBO) – The Sri Lanka unit of Transparency International has strongly criticised President Mahinda Rajapakse for removing a senior official …