Swiss francs 50m invested in Swiss banks by Sri Lankans
[ Sunday, 01 July 2012, 04:21.21 PM GMT +05:30 ]
Investments by Sri Lankan individuals, companies or the Sri Lankan government in secret Swiss accounts totalled more than 50 million Swiss francs (CHF) official for the past 10 years, data from the Swiss National Bank (SNB) show.
SNB doesn’t provide details of who owns these assets or liabilities and has listed these data under each country.
Swiss secrecy laws protect the identity of the investor/debtor, which is among a host of reasons why much black money or ‘dirty’ money is believed to be stashed by corrupt governments, individuals or businesspersons. Under this category, most of the investments were made in savings accounts.
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Investments by Sri Lankan individuals, companies or the Sri Lankan government in secret Swiss accounts totalled more than 50 million Swiss francs (CHF) official for the past 10 years, data from the Swiss National Bank (SNB) show.
]
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An exhibition in Melbourne, detailing the Tamil genocide, was attended by over one hundred people. This exhibition commenced at Collingwood Gallery, 292 Smith Street, Collingwood, VIC at 2.00m and organized by the Tamil Regugee Council. [
Norway has asked Sri Lanka to comply with �well established international rules on diplomatic immunity� after a Colombo Court ruled that the former Norwegian Ambassador and three officials did not have immunity in a huge transaction involving an NGO. [
There is little doubt that in 2009 the government of Sri Lanka pulled off one of the nastiest episodes of mass killing since the Rwandan genocide – and got away with it. Tens of thousands of civilians were massacred, with barely a trickle of Syria-like imagery emerging from the battle zone, The Australian reported. [