header logo
Asia asset finance
Latest
NPP to present Bill on confiscation of illegally acquired state property
Mar 23, 202508:32 AM
NPP to present Bill on confiscation of illegally acquired state property

The National People’s Power (NPP) is set to present a bill in Parliament aimed at reclaiming state property that has been illegally or improperly acquired under previous governments, MP Chandana Suriyarachchi says.

 

Speaking on the proposed legislation, MP Suriyarachchi stated that the bill would be tabled in Parliament on April 8. 

 

The legislation seeks to facilitate the legal confiscation of assets and funds obtained unlawfully by individuals who misused state resources for personal gain.

 

“The previous rulers of this country, along with their close associates, relatives, and political allies, have misused state property, resources, and public funds in various ways, turning them into personal assets. This bill introduces new laws that will allow the government to reclaim such ill-gotten wealth,” he said.

 

He further emphasized that the NPP remains committed to addressing public grievances and ensuring accountability. 

 

“We believe we are fulfilling the aspirations of the people by taking necessary measures to combat corruption without unnecessary spectacle,” he added.

 

 

 

MostRead
Mobitel 5g
VideoStories
“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Govt assures fair paddy prices aligned with farmers' production costs

Govt assures fair paddy prices aligned with farmers' production costs

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Lassana Flora