Sri Lanka moved to end elite impunity with arrest of former president
Daily FT
|September 03, 2025
SRI Lanka’s former president and six-time prime minister, Ranil Wickremesinghe, was arrested on 22 August for allegedly misusing state resources while in office.
He is accused of using public funds to attend his wife’s graduation ceremony in London after an official visit to the US in 2023. Wickremesinghe has since been granted bail on a 5m rupee (£12,300) bond.
His arrest represents one of the most consequential moments in the Sri Lanka’s postcolonial history. It marks the first time a former head of state has ever been detained in Sri Lanka, shattering the longstanding assumption that those at the top of the country’s politics remain forever beyond the reach of the law.
The assumption of elite impunity was built on decades of precedent. This reached its apex under the Rajapaksa family, who dominated Sri Lankan politics between 2005 and 2022, as corruption was woven into the very fabric of governance.
The Rajapaksas captured state institutions, placing family members and loyalists in key positions across the bureaucracy, military and judiciary. Public wealth was also diverted for private gain. The certainty that those in power would remain beyond legal reach, regardless of the scale of abuse, became embedded in Sri Lanka’s political DNA.
That certainty cracked in 2022 when mass protests, commonly known as Aragalaya, swept the Rajapaksas from office. The following year, the Sri Lanka’s supreme court held the family responsible for bankrupting the state by mishandling the economy.
This was a landmark ruling, but one that had little material effect. The Rajapaksas were only condemned and not punished. Wickremesinghe’s arrest is different. It shows that accountability has moved beyond a single dynasty and now threatens the entire Sri Lankan political class.
Diese Geschichte stammt aus der September 03, 2025-Ausgabe von Daily FT.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Daily FT
Daily FT
Sri Lanka’s collision with nature: Lessons from India to address agrarian question and employment
NATURE seems to be at war with a market-driven investment pattern slowly decaying the means of survival for the masses.
9 mins
January 03, 2026
Daily FT
Thikshila de Silva rattles CCC
BOTTOM of the table Chilaw Marians CC had CCC in a bit of bother, capturing four wickets for 62 runs by the close of the first day after they had been dismissed for 185 in their Major Club 3-day League match played at the Colts grounds yesterday.
2 mins
January 03, 2026
Daily FT
Global markets open 2026 higher
GLOBAL stock markets began 2026 on a positive note, with major indices in Britain and South Korea reaching record levels as investor optimism around artificial intelligence extended into the New Year.
1 mins
January 03, 2026
Daily FT
Rooted in Change: Kelani Valley's bold climate crusade with UN Global Compact Network Sri Lanka
IN a world gasping under the weight of its own carbon footprint, where floods wash away futures and droughts rewrite destinies, sustainability leadership can no longer be a lofty ambition-it must be a grounded commitment.
4 mins
January 03, 2026
Daily FT
Russel's hosts Christmas decorations competition at head office
Russel's successfully hosted its annual Christmas Decorations Competition among its divisions at the Russel's Head Office in Punchi Borella, bringing together employees to celebrate the true spirit of Christmas through creativity, unity, and festive cheer.
1 min
January 03, 2026
Daily FT
What is local governance?
LOCAL governance is about managing public affairs at the community level.
5 mins
January 03, 2026
Daily FT
AMF withdraws proposed listed high-yield bond issue
ASSOCIATED Motor Finance Company PLC (AMF) yesterday announced the withdrawal of its proposed listed, rated, unsecured, subordinated, redeemable high-yield bond issue to raise Rs.
1 min
January 03, 2026
Daily FT
Oil posts sharpest yearly drop since pandemic
OIL prices recorded their steepest annual decline since the COVID-19 pandemic in 2025, with markets facing continued pressure from excess supply as producers pump more crude than the global economy requires.
1 min
January 03, 2026
Daily FT
Cleantech and Pepsi partner to accelerate Sri Lanka's circular economy journey
CLEANTECH Ltd., since 1998 has played a pivotal role in maintaining cleanliness and hygiene across key areas in Colombo.
2 mins
January 03, 2026
Daily FT
Sports Ministry issues clarification on provision of Sugathadasa Stadium for musical concert
THE Sports Ministry yesterday issued the following clarification over the situation that has arisen concerning the use of the Sugathadasa Stadium for a musical concert.
1 min
January 03, 2026
Listen
Translate
Change font size
