15/11/23 | 9:55 am

Print

Sri Lanka’s top court says ex-president and officials contributed to economic crisis

Sri Lanka's top court ruled on Tuesday (November 14) that former President Gotabaya Rajapaksa and his brother, former Prime Minister Mahinda, were among several government officials whose conduct contributed to the country's worst economic crisis in decades.

The court was ruling was on a petition filed against 13 former officials by rights group Transparency International Sri Lanka (TISL) which said the Rajapaksa brothers and others were responsible for the crisis.

The two Rajapaksa brothers, two former central bank governors and President Ranil Wickremesinghe were among those named in the landmark TISL petition. Wickremesinghe was prime minister at the time of the crisis.

Sri Lanka's economy collapsed as it shrank 7.8% last year, pummelled by long power cuts, soaring inflation, a plunging rupee and record high interest rates caused by the worst financial crisis in over seven decades.

(Reuters) 

RELATED ARTICLES

25 mins ago | abuses during election

Myanmar military intensified air attacks and abuses during election, UN investigators say

Myanmar's military stepped up aerial attacks on civilians before an election held last December and January, and all sides in the country's civil war committed war crimes and serious abuses including torture and sexual violence in the past year, U.N....

4 hours ago | hits western Colombia

Colombia rescue efforts press on after quake, death toll expected to rise

Rescue efforts across western Colombia carried into a second day on Tuesday as emergency workers dug through collapsed buildings and flattened homes, amid expectations that the death toll from the country's most powerful earthquake in decades could r...

4 hours ago | Shipping traffic

Gulf shipping traffic via Strait of Hormuz falls to six vessels

Shipping traffic through the Strait of Hormuz fell to six on Monday, compared with a 10-day average of about 11 vessels, shipping data showed, amid fading hopes of a peace deal between the U.S. and Iran. Four commodity vessels, including two empty o...