FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» TAFL is the most undervalued & highly potential counter in the Poultry Sector
by bkasun Tue Apr 30, 2024 8:48 pm

» COCR IN TROUBLE?
by bkasun Tue Apr 30, 2024 8:43 pm

» EXPO.N - Expo Lanka Holdings De-Listing
by eradula Tue Apr 30, 2024 3:21 pm

» Maharaja advise - April 2024
by celtic tiger Tue Apr 30, 2024 12:01 am

» Srilanka's Access Engineering PLC think and Win
by Dasun Maduwantha Mon Apr 29, 2024 11:40 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by ErangaDS Fri Apr 26, 2024 10:24 am

» UNION ASSURANCE PLC (UAL.N0000)
by ErangaDS Fri Apr 26, 2024 10:22 am

» ‘Port City Colombo makes progress in attracting key investments’
by samaritan Thu Apr 25, 2024 9:26 am

» Mahaweli Reach Hotels (MRH.N)
by SL-INVESTOR Wed Apr 24, 2024 11:25 pm

» THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000)
by SL-INVESTOR Wed Apr 24, 2024 11:23 pm

» ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????
by ddrperera Wed Apr 24, 2024 9:09 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:40 am

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:38 am

» LOLC FINANCE PLC (LOFC.N0000)
by Beyondsenses Wed Apr 24, 2024 10:20 am

» SRI LANKA TELECOM PLC (SLTL.N0000)
by sureshot Wed Apr 24, 2024 8:37 am

» Sri Lanka confident of speedy debt resolution as positive economic reforms echoes at IMF/WB meetings
by samaritan Mon Apr 22, 2024 9:28 am

» Construction Sector Boom with Purchasing manager's indices
by rukshan1234 Thu Apr 18, 2024 11:24 pm

» Asha Securities and Asia Securities Target AEL (Access Enginnering PLC )
by Anushka Perz Wed Apr 17, 2024 10:30 pm

» Sri Lanka: China EXIM Bank Debt Moratorium to End in April 2024
by DeepFreakingValue Tue Apr 16, 2024 11:22 pm

» Uncertainty over impending elections could risk Lanka’s economic recovery: ADB
by God Father Tue Apr 16, 2024 2:47 pm

» Sri Lanka's Debt Restructuring Hits Roadblock with Bondholders
by God Father Tue Apr 16, 2024 2:42 pm

» BROWN'S INVESTMENTS SHOULD CONSIDER BUYING BITCOIN
by ADVENTUS Mon Apr 15, 2024 12:48 pm

» Bank run leading the way in 2024
by bkasun Sun Apr 14, 2024 3:21 pm

» ASPI: Undoing GR/Covid19!
by DeepFreakingValue Thu Apr 11, 2024 10:25 am

» Learn CSE Rules and Regulations with the help of AI Assistant
by ChatGPT Tue Apr 09, 2024 7:47 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Breaking News: Sarath Fonseka has been released!

+2
sriranga
Marketinvest
6 posters

Go down  Message [Page 1 of 1]

Marketinvest

Marketinvest
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The general has been released from welikada prison at sharp 4:50 pm. Its been a historic event.

2Breaking News: Sarath Fonseka has been released! Empty SARATH FONSEKA RELEASED Mon May 21, 2012 5:07 pm

sriranga

sriranga
Co-Admin

May 21, 2012 04:49 pm Former Army Commander Sarath Fonseka was released from the Welikada prison a short while ago after being granted a Presidential pardon.

The Supreme Court today (May 21) allowed the withdrawal of two pending appeals by Sarath Fonseka’s counsel. Court has granted approval for the withdrawal of the appeal on the ‘white flag’ case and the special appeal challenging the verdict of the second Court Martial.

Fonseka, who was discharged from hospital today morning, was presented before the Supreme Court a short while ago.

The attorneys appearing on behalf of the former army chief had stated that the President has pardoned the petitioner, according to provisions of the constitution and that therefore he does not wish to continue with the petitions.

He was taken from the Supreme Court to the Welikada Prison where he was thereafter released while a large crowd had gathered outside the prison to greet the former Army Commander.

Former Army Commander Sarath Fonseka, who led the Sri Lankan army to victory against the LTTE, was in detention since February 2010 following his unsuccessful bid at the Presidential election earlier that year in which Mahinda Rajapaksa was elected to his second term.

In September 2010, a court martial sentenced him to 30 months imprisonment for corruption related to irregularities in military procurements during his time as army chief. He also lost the parliamentary seat he won in the April 2010 polls.

An earlier court martial also found him guilty of interfering in politics while in uniform and stripped him of his rank and pension.

Fonseka was arrested and convicted by both military and civil courts and stripped off all military ranks as of August 2010 while the US State Department named him a political prisoner in its 2010 Human Rights report.

Sarath Fonseka was then found guilty by a divided decision in the case regarding the ‘White Flag’ statement and sentenced to three years in prison by the Colombo High Court on November 18, 2011.

The verdict was divided 2:1 and was given by the High Court bench headed by Judge Deepali Wijesundara and comprising Judges DMPD Waraweva and Zulfiqar Razin.

Justice Waraweva giving his judgment deliberated that Fonseka was not guilty on all three charges while Justice Wijesundara and Rashim found Fonseka guilty of the first charge and found him not guilty on the second and third charges.

He was accused of inciting violence following an interview given to the Sunday Leader, alleging that Defence Secretary Gotabaya Rajapaksa gave an illegal order not to accommodate any LTTE cadres attempting to surrender with white flags during the closing stages of the war and that troops had shot dead a number of Tamil Tiger separatist leaders when they tried to surrender.

However, Fonseka maintained that that the published comments had misquoted him adding that the journalist Fredrica Janz had distorted a reply that he had given to a question that she had put forward in her own words in order to build this story.

Sarath Fonseka, who was at the time serving his 30-month jail term was sentenced to three years in prison and fined Rs.5,000.

Fonseka appealed the decision while the petition is to be taken up at the Supreme Court.

Sarath Fonseka along with his son-in-law Danuna Tilakaratne and Director of HiCorp Pvt. Ltd. Wellington De Hoedt were also accused of defrauding the Army by purchasing military hardware going beyond the tender procedure.

Sarath Fonseka was acquitted by the Colombo High Court of the charges brought against him in the Hicorp fraud case citing that he could not be sentenced twice for the same offence as the Court Martial had already found him guilty of the charges.

Fonseka continued to serve his three-year sentence amidst mass protests and pressure on the government by the opposition parties and international powers to facilitate the former army commander’s release.

Sarath Fonseka was granted conditional bail on May 18 by the Colombo High Court in the case of harbouring army deserters during the Presidential election.

The State Attorney informed court that the government does not object to the bail appeal by the former Army Commander, who was then ordered released under a cash bail of Rs. 1 million and two personal bails of Rs. 2.5 million each.

The Colombo High Court also barred Sarath Fonseka from leaving the country however stating that he would be required to seek permission from the court in order to do so.

The President had made it known to the media and those close to Fonseka that the country was at a juncture in which it would be in its interest to release Fonseka while following separate meetings with Anoma Fonseka and Tiran Alles, it was announced that Fonseka would be released.

The President signed the necessary papers for Sarath Fonseka’s release on May 18 and handed them over to the chief of Presidential staff before leaving for Qatar that evening.

Presidential Spokesman Bandula Jayasekara told Ada Derana that the release papers were scheduled to be sent to the Ministry of Justice today (May 21).

Fonseka who was receiving treatment at the Nawaloka hospital for an illness pertaining to his lungs was discharged from hospital today after which he was taken to the Supreme Court.

The Supreme Court allowed the withdrawal of two pending appeals by Sarath Fonseka’s counsel. The Court granted approval for the withdrawal of the appeal on the ‘white flag’ case and the special appeal challenging the verdict of the second Court Martial.

Fonseka, who was taken back to the Welikada Prison was released shortly thereafter. (AdaDerana)

http://sharemarket-srilanka.blogspot.co.uk/

Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

hope silverline at least now onward

Rizmi

Rizmi
Manager - Equity Analytics
Manager - Equity Analytics

Hi Experts, what will be the impact to the share market?

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics

Best wishes for SF and Mother Lanka.

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Listening to the Crackers going, I was wondering where were they before? Shocked

Chameleons ” are shrewd but “ The General “ is ” No Fool “ Guys / Gals ! Very Happy

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum