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Mountain of debt at Fisheries Ministry

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Several affiliated institutions under the Fisheries Ministry have accumulated a total of Rs. 2.38 billion as legally bound payments and liabilities to various institutions and are currently facing a debt crisis, Ministry sources said.

It is reported that a severe crisis has arisen in those institutions due to the huge amount of debt that exists at the moment.

This staggering debt is owed by affiliated institutions of the Ministry such as the National Aquaculture Development Authority (NAQDA), National Aquatic Resources Research and Development Agency (NARA), Ceylon Fisheries Corporation, Ceylon Fishery Harbours Corporation, Cey-Nor Foundation Limited, North Sea Limited and the Peliyagoda Central Fish Market Complex.

The debts should be paid to commercial banks, the Finance Ministry, and several other institutions as of October 31, 2024, according to a Ministry report. According to the report, NAQDA’s outstanding credit as of October 31, last year was Rs. 106.54 million and the amount of legal payments and liabilities including tender deposits, money given for welfare to be settled to the Finance Ministry and withholding money to be paid is Rs. 28.79 million.

The balance of scheduled payments including EPF and ETF to be paid by Ceylon Fishery Harbours Corporation is Rs 53.36 million.

According to this report, the largest number of legal payments and liabilities is under the Ceylon Fisheries Corporation. The arrears due under the EPF and ETF is Rs.668.7 million.

The Employee Gratuity payable is Rs.25 million. The loan amount obtained from commercial banks is Rs. 158 million. There is also a bank overdraft of Rs. 64 million. The total legal dues and liabilities of the Corporation is close to Rs. 1,530 million.

The Cey-Nor Foundation Limited has accumulated debt to the amount of Rs. 73.72 million and the total amount of liabilities of North Sea Limited is Rs. 114.19 million, including the loan amount of Rs. 152.05 million received from commercial banks and the amount of legal payments is Rs. 525.37 million.

Also the Peliyagoda fish market has taken a loan of Rs. 56.34 million from a commercial bank.

Commenting on this matter, Fisheries, Aquatic and Marine Resources Deputy Minister Rathna Gamage pointed out that the previous governments has left a mountain of debt at the Fisheries Ministry.

The Deputy Minister emphasised that the Fisheries Ministry owes a huge amount of debt to a number of institutions and that the debt handed over by the previous governments is like a garbage dump.

The Deputy Minister said that this mountain of debt will be cleared with a proper plan.

(dailynews.lk)

(This story, originally published by News1st has not been edited by SLM staff)

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03 remanded over shooting of Halloluwa’s vehicle

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The Colombo Magistrate’s Court on May 24 ordered to remand 03 suspects over the shooting of Thusitha Halloluwa’s vehicle.

They have been remanded until May 29.

The remanded suspects include the shooter’s wife, who was arrested at a Maharagama housing complex.

Officers from the Colombo Crime Division (CCD), who are investigating the shooting incident further state that the other 02 arrested are the security guard of the housing complex and a person who was traveling with the shooter.

Investigations have also revealed that the security guard of the apartment complex alerted the shooter about the police arrival during the raid, leading the shooter to flee immediately.

The vehicle of Thusitha Halloluwa – the former DG of Public Relations to former President Ranil Wickremesinghe, was shot in Narahenpita on May 17.

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Basil Rajapaksa absent from court; bail not revoked

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Matara Magistrate Aruna Buddhadasa recently ordered Basil Rajapaksa – founder of the Sri Lanka Podujana Peramuna and former Finance Minister, to appear before the Matara Magistrate’s Court on November 21.

The Magistrate made the order when he took up an existing case regarding a land in the Eliyakanda area of Matara that was purchased using allegedly illegally earned money of Rs.50 million.The FCID had filed this case against Basil Rajapaksa and 04 other defendants in 2017 over the alleged purchase of a 1.5 acre land in Eliyakanda, Matara under the name of his wife’s sister, using Rs.50 million allegedly obtained through illegal means.

The first suspect in this case is Tissa Galappaththi, the second suspect is Muditha Jayakody, the third suspect is former Minister Basil Rajapaksa, and the fourth suspect is Ayomi Galappaththi, the sister of the former Minister’s wife.The first suspect in this case is Tissa Galappaththi, the second is Muditha Jayakody, the third is former Minister Basil Rajapaksa, and the fourth is Ayomi Galappaththi, the sister of Rajapaksa’s wife.

While the first 02 suspects, who are out on bail, appeared in court, Basil Rajapaksa and Ayomi Galappaththi were absent.

Deputy Solicitor General Lakmini Girihagama, representing the Attorney General’s Department, noted that while Basil had been granted court permission to travel abroad until May 23, he failed to appear without a reasonable excuse and requested that his bail be revoked and a warrant issued.

In defense, President’s Counsel Anil Silva stated that his client had booked return flights for May 18 and 19, but US doctors had advised Rajapaksa against flying for 06 months after he had fallen off a chair, sustaining damage to his neck and nerves.

Girihagama questioned the claim, stating that the X Rays only indicated a neck sprain and a minor muscle strain. Noting that the medical reports were dated March 18, 2025, it was also questioned as to why tickets were booked for May 18 and 19 if doctors had actually advised against flying for 06 months. Therefore, Girihagama called for the court to revoke bail.

President’s Counsel Silva strongly defended his client, rejecting accusations of faking illness, affirming the credibility of US medical reports, and assuring the court of his client’s presence at the next hearing, arguing there is no need for a warrant or revoke bail.

After hearing both sides, Magistrate Aruna Buddhadasa decided not to issue a warrant or revoke bail, instructing that the accused be present on the next court date. The case was postponed to November 21.

(Source: Dinamina)

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President Dissanayake pays last respects to cinema legend Malini Fonseka

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President Anura Kumara Dissanayake paid his final respects yesterday (25) evening to the late veteran actress Malini Fonseka, fondly remembered as the “Queen of Sri Lankan Cinema.”

Her remains have been placed at the Tharangani Hall of the National Film Corporation, allowing the public to bid farewell to the beloved screen icon.

Malini Fonseka passed away in the early hours of May 24 at the age of 78 while undergoing treatment at a private hospital in Colombo. 

Her body was initially kept at her Madiwela residence before being moved to the National Film Corporation, where crowds continue to gather in tribute.

Among the dignitaries paying their respects were former Presidents Ranil Wickremesinghe, Mahinda Rajapaksa, Gotabaya Rajapaksa, and Chandrika Kumaratunga.

The final rites of the legendary actress will be held today (26) with full state honors at Independence Square.

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