Namal Rajapaksa placed in remand custody over money laundering allegations
1 report, 1 independent
Updated Fri 00:00
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What happened
Namal Rajapaksa, the National Organiser of the Sri Lanka Podujana Peramuna, was placed in remand custody until the end of September over money laundering allegations connected to the Airbus deal. He has also been indicted in a separate case concerning the alleged misappropriation of Rs. 70 million belonging to Krrish Company.
From ft.lk
Why it matters
The legal issues facing Namal Rajapaksa and other members of the Rajapaksa family threaten the political viability of the Sri Lanka Podujana Peramuna. Political instability and corruption allegations could increase sovereign risk for Sri Lanka.
From ft.lk
Who's involved
- Namal RajapaksaNational Organiser of the Sri Lanka Podujana Peramuna facing legal charges
- Sri Lanka Podujana PeramunaSri Lankan political party whose future is currently in question
- Basil RajapaksaPolitician linked to the SLPP leadership structure
- Sri LankaIsland country whose sovereign risk may be affected by political turmoil
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The entities involved
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Gotabaya Rajapaksa
President of Sri Lanka from 2019 to 2022
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Namal Rajapaksa
Son of President Mahinda Rajapaksa
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Basil Rajapaksa
Sri Lankan politician (born 1951)
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Related events
- Political instability led to the presidential resignation of Gotabaya Rajapaksa, who is now under law enforcement scrutiny in Sri Lanka.
- Gotabaya Rajapaksa is the son of Mahinda Rajapaksa.
- Namal Rajapaksa leads the opposition party in the legislature and plans an anti-government rally in Anuradhapura.