Versuchen GOLD - Frei

Arrest of former President Ranil: Test case for Sri Lanka’s democracy

Daily FT

|

August 28, 2025

SRI Lanka has entered uncharted political and legal territory. For the first time in its post-independence history, a former President has been arrested, remanded, and brought before a court of law. The charges concern the alleged misuse of public funds for private foreign travel, following investigations by the Criminal Investigation Department (CID).

- By Masihudeen Inamullah

This event is more than a legal case. It is a litmus test for Sri Lanka's democratic institutions, the independence of its judiciary, and the rule of law in a system long accused of shielding political elites from accountability.

Executive immunity and its limits

Since the introduction of the Executive Presidency in 1978, allegations of abuse of power have been constant. The Constitution grants the sitting President immunity from prosecution, effectively placing the officeholder above the law for the duration of their term.

That immunity, however, expires the moment a President leaves office.

In practice, no former head of state had ever been subjected to arrest until now. That legal barrier has finally been crossed. A precedent has been set: political power may grant temporary protection, but it does not guarantee permanent impunity.

The Courtroom battle

At present, Ranil Wickremesinghe remains a suspect. Neither guilty nor innocent until the court delivers its verdict.

The Attorney General is prosecuting on behalf of the State, while his defence lawyers argue otherwise. The crux of the legal battle is simple: can a President, or any public official, use state funds for personal purposes without prior approvals or allocations?

The prosecution insists the answer is “no”. Public money belongs to the people, not the officeholder. The defence argues that the President’s public and private lives cannot be separated, and that discretionary use of funds is inherent to the presidency.

WEITERE GESCHICHTEN VON Daily FT

Daily FT

Ditwah floods 20% of Sri Lanka, triggers 1,200 landslides, heightens food insecurity: UNDP

CYCLONE Ditwah inundated 1.1 million hectares, or about 20% of Sri Lanka's land area, and exposed 2.3 million people to flooding, according to new UNDP geospatial analysis that expands on earlier assessments of the country's worst flooding disaster in decades.

time to read

2 mins

December 10, 2025

Daily FT

Daily FT

People's Bank, UnionPay International to introduce national payment cards

Sign MoU to introduce co-branded payment cards Agreement also includes the expansion of UnionPay acceptance across People's Bank's merchant network

time to read

1 min

December 10, 2025

Daily FT

HNB Rs. 10 b Sustainable Bond Issue oversubscribed

HATTON National Bank PLC yesterday announced that its Sustainable Bond issue has been oversubscribed, after receiving applications exceeding Rs. 10 billion, prompting the bank to close the offer early at 4:30 p.m.

time to read

1 min

December 10, 2025

Daily FT

President thanks US for emergency support following Cyclone Ditwah

PRESIDENT Anura Kumara Dissanayake yesterday expressed his appreciation to US President Donald Trump for the emergency assistance extended to Sri Lanka in the aftermath of Cyclone Ditwah.

time to read

1 min

December 10, 2025

Daily FT

Secondary Bond market yields drop ahead of back-to-back auctions

THE secondary Bond market yesterday saw activity and transaction volumes increase marking a shift in tone following a spell of defensive trading following Cyclone Ditwah seen in recent sessions.

time to read

2 mins

December 10, 2025

Daily FT

Daily FT

UN allocates $ 4.5 m from its global emergency fund to support Sri Lankans affected by Cyclone Ditwah

THE United Nations has allocated $ 4.5 million (Rs. 1.38 billion) from the Central Emergency Response Fund (CERF) to strengthen Sri Lanka's response to Cyclone Ditwah, which made landfall on 28 November.

time to read

1 min

December 10, 2025

Daily FT

Sri Lanka must prioritise sustainable destination management as global tourism trends shift: Expert

INTREPID Travel Asia-Australia Managing Director Natalie Kidd said Sri Lanka must urgently decide the kind of tourism future it wants and embed strong systems of sustainable destination management if it is to protect its natural assets, strengthen competitiveness and fully capitalise on rising global demand.

time to read

3 mins

December 10, 2025

Daily FT

Bandaranaike Foundation donates Rs. 250 m for disaster relief

THE Bandaranaike Memorial National Foundation, headed by former President Chandrika Bandaranaike Kumaratunga has contributed Rs. 250 million to the Government fund established to support recovery and resettlement of communities affected by recent disasters.

time to read

1 min

December 10, 2025

Daily FT

External debt up $ 100 m QoQ to $ 37.2 b by end Sept.

THE external debt stock reached $ 37,238 million at end-September 2025, rising $ 100 million from the previous quarter, according to the Public Debt Management Office’s latest Quarterly Debt Bulletin.

time to read

2 mins

December 10, 2025

Daily FT

CoPF endorses Rs. 50 b supplementary allocation for disaster relief

Funding to come from Consolidated Fund, other State-held finances, or loans secured at discretion of Govt. for use this year CoPF also approves regulations issued under Section 71 of Value Added Tax Act Clears NMRA regulations, reviews 2026 Audit workload

time to read

2 mins

December 10, 2025

Listen

Translate

Share

-
+

Change font size