header logo
Asia asset finance
Mogo Academy
Latest
No-confidence motion against Ravi next week – Bandula
May 09, 201506:00 PM
No-confidence motion against Ravi next week – Bandula

Former Minister Bandula Gunawardena says that a motion of no confidence will be submitted in Parliament next week against Finance Minister Ravi Karunanayake, who he claims is responsible for the crises that have befallen the country’s economy.

 

He stated that so far over 90 Parliamentarian have signed the no-confidence motion, which has already been finalized and is inclusive of 15 points.

 

The UPFA MP claims that Karunanayake has “no moral right” to hold such a responsible post as Minister of Finance due to the latter’s alleged financial transactions with jailed hedge fund founder Raj Rajaratnam, who has contributed millions to the Tamils Rehabilitation Organisation (TRO), and the pending case against him in the High Court.

 

 Gunawardena accused Karunanayake and Central Bank Governor Arjuna Mahendran of creating a large financial crisis before the international community.

 

src=http://adaderana.lk/news_images/1373405745ravi.jpg

 

 

 

MostRead
Mobitel 5g
VideoStories
“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

Sri Lanka records 5.1% GDP growth in 1Q 2026; Agriculture, industry & services sectors expand: CBSL

Sri Lanka records 5.1% GDP growth in 1Q 2026; Agriculture, industry & services sectors expand: CBSL

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Special Dengue Prevention Week in Colombo from June 15 to 21

Special Dengue Prevention Week in Colombo from June 15 to 21

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

Sri Lanka bans export of mineral resources without value addition

Sri Lanka bans export of mineral resources without value addition

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Lassana Flora