Three arrested over Rs. 41 Million Sri Lanka Land Development Corporation fraud
Posted by Editor on February 11, 2026 - 9:13 am
Three people were arrested on February 10, 2026 over a Rs. 41 million loss to the government linked to the Sri Lanka Land Development Corporation, following a major procurement fraud investigation.
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) arrested a retired Chief Engineer, a Mechanical Engineer, and an Assistant Managing Director of a private company in connection with the case.
The arrests relate to alleged irregularities in the procurement of two long-arm excavators, which reportedly caused financial losses to the state.
The suspects were produced before the Colombo Chief Magistrate’s Court and were later released on bail.
Latest Headlines in Sri Lanka
- U.S. Embassy Colombo issues travel advisory for Americans in Sri Lanka March 6, 2026
- Sri Lanka Police warn of drone security threats March 6, 2026
- Two dead, 15 missing after boat capsizes in Jaffna March 6, 2026
- CEB to be restructured into six companies from March 9, 2026 March 6, 2026
- Sri Lanka transfers Iranian vessel IRIS Bushehr crew to Colombo March 6, 2026
