Public Accountability & Court Cases Database
Source-verified tracker of national corruption inquiries, Supreme Court Fundamental Rights rulings, Special Presidential Commissions, and Trial-at-Bar proceedings.
Central Bank Treasury Bond Auctions Scandal (2015–2016)
Alleged insider information leaking and manipulation of the 30-year Treasury bond auction on February 27, 2015, where the advertised Rs. 1 Billion auction was unexpectedly expanded to accept Rs. 10.05 Billion at sharply elevated yield rates, with over 80% allotted directly or indirectly to primary dealer Perpetual Treasuries Limited.
Supreme Court Economic Mismanagement Landmark Judgment (SC FR 212/2022)
Fundamental Rights petitions filed by Transparency International Sri Lanka, Dr. Mahim Mendis, and former Ceylon Chamber of Commerce chairs alleging that arbitrary tax cuts in 2019, artificial currency pegging, delay in restructuring sovereign debt, and refusal to approach the IMF breached the public trust and violated Article 12(1) of the Constitution.
Airbus SE – SriLankan Airlines Aircraft Re-fleeting Bribery Case
In 2013, European aircraft manufacturer Airbus agreed to pay a $16.84 Million bribe (with $2M actually transferred) to a Brunei-registered shell company owned by the wife of former SriLankan Airlines CEO Kapila Chandrasena to secure orders for 10 aircraft (6 A330s and 4 A350-900s).
Sugar Import Special Commodity Levy (SCL) Reduction Revenue Loss
On October 13, 2020, the government abruptly reduced the Special Commodity Levy on imported white sugar from Rs. 50 per kg to 25 cents per kg (a 99.5% reduction) under the stated aim of lowering consumer prices. However, market retail prices remained unchanged while a single major importer imported unprecedented quantities, generating windfall profits without consumer relief.
Substandard Human Immunoglobulin & IV Medicine Procurement Case
Procurement of counterfeit and substandard Human Immunoglobulin (IVIG) injections for government hospitals using forged National Medicines Regulatory Authority (NMRA) waivers of registration, with funds disbursed to a local supplier through emergency Indian Credit Line channels.
Central Bank Greek Sovereign Bond Investment Loss ($30M)
In April–May 2011, the Central Bank invested $30 Million of Sri Lanka's official foreign reserves in Greek government bonds shortly before the Hellenic Republic sovereign debt restructuring and private sector involvement (PSI) haircut, causing a loss of approximately $18.5 Million (Rs. 2.2 Billion).