Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SEBI proposes to extend standing SWP, STP instructions to demat-held mutual funds
    • UK equity funds see £71 billion outflow in a dismal decade
    • This small-cap mutual fund has grown investors’ wealth over 4x in 6 years
    • Active ETFs step out of the shadows as advisors rethink portfolio construction
    • Mutual funds want commodity ETFs other than gold and silver. But is this feasible?
    • Software sell-off, corporate bonds & GSK
    • Top Transportation Mutual Funds
    • How innovation, accessibility and flexibility are driving a renaissance in Japanese ETFs
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Former Sri Lankan President Wickremesinghe arrested on allegations of misusing state funds
    Funds

    Former Sri Lankan President Wickremesinghe arrested on allegations of misusing state funds

    August 22, 2025


    COLOMBO – Sri Lankan police on Friday arrested the country’s former president and senior opposition politician Ranil Wickremesinghe over allegations of misusing public funds during his tenure as president, police said.

    Wickremesinghe, who served as the island nation’s president from 2022 to 2024, was arrested on allegations of using public funds to attend his wife’s graduation ceremony in London after an official visit to the U.S, police spokesman Fedrick Wootler told The Associated Press.

    Wickremesinghe’s aide, Danushka Ramanayake, said that the former president has been taken to a court after being arrested by the Financial Crimes Investigations Department.

    Wickremesinghe is the first Sri Lankan former head of state to be arrested and is the most high profile leader who is under investigation for corruption under President Anura Kumara Dissanayake’s government which came to power last year promising to punish those accused of corruption under previous governments

    Dissanayake won the presidential election in September last year in an election that saw voters reject an old guard accused of leading the country into an economic crisis. Two months later, his party won a landslide victory in the parliamentary election that enabled him to form a strong government.

    Already, more than a dozen political leaders of the previous government and ex-high government officials have been arrested and are under investigation for alleged corruptions and malpractices.

    Wickremesinghe became president after Sri Lanka’s economic upheaval led to a political crisis that forced then-President Gotabaya Rajapaksa to resign in 2022.

    Wickremesinghe is credited with stabilizing the crumbling economy with inflation falling, the local currency strengthened and foreign reserves increased under him. But he was severely criticized for implementing stringent austerity measures including raising taxes and utility bills that came as a part of a bailout package with the International Monetary Fund entered into by his government.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Floating-Rate Mutual Funds: Rewards and Risks

    February 5, 2026

    The Best Sustainable Funds and ETFs to Buy

    February 5, 2026

    Are arbitrage funds still worth it after the STT hike? Moneyfront CEO explains

    February 5, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Active ETFs step out of the shadows as advisors rethink portfolio construction

    February 6, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    SEBI proposes to extend standing SWP, STP instructions to demat-held mutual funds

    February 6, 2026

    SEBI revamps Mutual Fund rules to boost cost transparency, ease investor burdenIANS The Securities and…

    UK equity funds see £71 billion outflow in a dismal decade

    February 6, 2026

    This small-cap mutual fund has grown investors’ wealth over 4x in 6 years

    February 6, 2026

    Active ETFs step out of the shadows as advisors rethink portfolio construction

    February 6, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Inflows into equity mutual funds surge 81% to a record high of Rs 42,702 cr in July | Business News

    August 11, 2025

    China’s property investment slump worsens in January-May

    June 16, 2024

    SIP Saint-Tropez 83990 – Service des impôts des particuliers

    July 19, 2023
    Our Picks

    SEBI proposes to extend standing SWP, STP instructions to demat-held mutual funds

    February 6, 2026

    UK equity funds see £71 billion outflow in a dismal decade

    February 6, 2026

    This small-cap mutual fund has grown investors’ wealth over 4x in 6 years

    February 6, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.