Colombo, Sri Lanka – The Financial and Commercial Crimes Investigation Division of the Criminal Investigation Department (CID) has commenced an investigation into 22 former ministers and Members of Parliament accused of misappropriating funds from the Presidential Fund between 2008 and 2024.
According to police sources, the CID has already obtained 22 files detailing the disbursement of funds during this period. Initial inquiries suggest that these individuals collectively received over one billion rupees, raising serious questions about the legitimacy of the allocations.
Investigators are currently examining whether there were any irregularities or violations in the procedures used to access and distribute funds from the Presidential Fund.
As part of the investigation, CID officers have requested an official court order from the Colombo Fort Magistrate’s Court to access cheque details issued from the fund’s account. The court filing, made on April 2, is expected to help trace the financial trail and identify any potential misuse or unauthorized transactions.
The probe marks a significant development in Sri Lanka’s ongoing efforts to increase financial transparency and accountability, particularly concerning the use of public funds by political officeholders.
Authorities say further legal action may follow depending on the outcome of the investigation.
