Court suspends TRO funds for six months
Wasantha Ramanayake
COLOMBO: The Colombo High Court yesterday suspended the
accounts operated by the Tamil Rehabilitating Organisation (TRO) for six
months.
The Attorney General made application on behalf of the Financial
Investigating Unit of the Central Bank to facilitate their
investigation.
The Attorney General sought the order in terms of Section 15 of the
Financial Transactions Reporting Act and the Convention for the
Suppression of Terrorist Financing Act No. 25 of 2005 which was enacted
to give effect to the United Nation's Convention for the Suppression of
Terrorist Financing adopted to which Sri Lanka was a signatory.
In terms of the petition, TRO personnel in many foreign countries had
been allegedly involved in terrorist financing.
Theses funds had been channelled to the TRO office in Sri Lanka
through the Sri Lankan Banking System purported to be used for
humanitarian projects. |