Sakvithi Ranasinghe given 22 years suspended prison term after pleading guilty
Sakvithi Ranasinghe, who pleaded guilty to 11 charges was sentenced to 22 years in prison, suspended for five years.
The verdict was delivered by Colombo High Court Judge Amal Ranarajah today (September 14) after Sakvithi Ranasinghe pleaded guilty to 11 charges of obtaining millions of rupees from various people promising them a greater return on investments by operating an illegal finance company without the approval of the Central Bank of Sri Lanka (CBSL).
Sakvithi Ranasinghe was also fined Rs. 25,000/- for each of the 11 charges, and if he fails to pay the fine an additional six months will be added to each charge.
His wife who pleaded guilty to aiding and abetting was sentenced to 2 years in prison, suspended for 5 years.
She was fined Rs. 25,000/- by the Colombo High Court as well.
The Colombo High Court judge permitted the Ranasinghe to pay their fines on Thursday (September 15).

Latest Headlines in Sri Lanka
- Sri Lanka President calls to end war mentality, urges peace and unity May 19, 2025
- Sri Lanka Police: 46 shootings, 100+ arrested, 41 guns seized in crime crackdown May 19, 2025
- Mahindananda remanded until May 26, 2025 May 19, 2025
- Sri Lankan President visits Mihindu Seth Medura to inquire into welfare of war heroes May 19, 2025
- Milan Jayathilake arrested May 19, 2025