Rajapaksa property could be confiscated!

- Sep 26, 2015
According to findings of investigations done so far by the FCID and the Presidential Commission of Inquiry to Investigate and Inquire into Serious Acts of Fraud, Corruption and Abuse of Power, State Resources and Privileges (PRECIFAC), it has become possible to confiscate the property of the Rajapaksa clan, the 'Sath Handa' reports.

Special investigations are underway to ascertain how the investments were made to the business ventures of the Rajapaksa family. Serious charges such as misusing state assets, misusing funds, money laundering have been proved with evidence, the newspaper adds.

The probe on the TV channel - Carlton Sports Network is reaching conclusion and investigations have revealed that investments for the venture were done in a corrupt manner.

Although the CSN administration has attempted to feign that the company did not belong to the Rajapaksa family, investigations have proved otherwise.

It has also been proven that investments for the venture had been done in a corrupt manner and the money laundering activities were done by a Singaporean company.

Under this backdrop, there is a possibility of the CSN channel being confiscated, legal units state.

In its' today's edition, the 'Sath Handa' newspaper has published a detailed article on the CSN network.
- SLM-