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Depletion of dollar reserves: FR filed against MR, BR, PB, Cabraal, Attygalle and several others

03 Jun 2022

A group of three University Professors including the Acting Vice Chancellor of the Open University, have filed a Fundamental Rights (FR) petition before the Supreme Court (SC) over the depletion of Sri Lanka’s dollar reserves. Accordingly, the petitioners have named Mahinda Rajapaksa, Basil Rajapaksa, PB Jayasundara, Ajith Nivard Cabraal, SR Attygalle, W D Lakshman, the Attorney General (AG) and several other Ministers and Members of Parliament as respondents. A total of 39 have been named. The Petitioners state that they are aggrieved by the significant economic hardship faced thereby, and by the citizens of the Republic, including (1) high levels of inflation, (2) the non-availability of vital resources, goods, commodities and other essential items, including fuel, Liquid Petroleum Gas, medicine and food, and (3) the dearth of foreign currency all of which arose consequent to the mismanagement of the economy of the Republic by several of the Respondents to this application. Further, the Petitioners stated that several respondents mentioned in the FR, in their official capabilities, have neglected and willfully caused damage to the Central Bank of Sri Lanka, which in return has cost the citizens of Sri Lanka at large. The Petitioners are seeking for the Court to direct respondents to conduct audits and grant interim orders to prevent them from alienating assets,  along with any other further reliefs. The Petitioners are Dr. Athulasiri Kumara Samarakoon, Soosaiappu Neavis Morais and Dr. Mahim Mendis. Instructing attorneys for the Petitioners are Shiranthi Gunawardena Associates.


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