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In 2022, as protests began growing in Sri Lanka, Jaliya Wickramasuriya, former Sri Lankan ambassador to the United States and Mexico, and a cousin of the Rajapaksa brothers, pleaded guilty in U.S. District Court for defrauding $332,027 from the Sri Lankan government during the purchase of a new embassy building in 2013.
The 2022 Sri Lankan political crisis was a political crisis in Sri Lanka due to the power struggle between President Gotabaya Rajapaksa and the people of Sri Lanka. It was fueled by the anti-government protests and demonstrations by the public due to the economic crisis in the country .
Sri Lanka's credit was also downgraded during the period. On 20 November credit rating agency Moody's released a statement downgrading the Sri Lankan government's foreign currency issuer and senior unsecured ratings to B2 from B1 and changed the outlook to stable from negative. Moody's says the downgrade was driven by the "ongoing tightening in ...
Thousands of Sri Lankans marched in the capital on Thursday to urge the government to halt its crackdown on protests against an unprecedented economic crisis that has engulfed the Indian Ocean ...
Sri Lankan Prime Minister Mahinda Rajapaksa resigned Monday following weeks of protests demanding that he and his brother, the president, step down over the country’s worst economic crisis in ...
Sri Lankan President Gotabaya Rajapaksa is set to resign, with outrage over the an economic crisis boiling over and protesters at their doorstep — literally. Breaking Point: A visual guide to ...
Gotabaya Rajapaksa, a Sri Lankan politician and former military officer who served as the 8th president of Sri Lanka from 2019 to 2022, initiated a self-imposed exile on 13 July 2022, following widespread protests led by civilians demanding his resignation, triggered by extensive discontent over his handling of the country's economic crisis.
COLOMBO (Reuters) -Sri Lanka's President Gotabaya Rajapaksa plans to step down, the country's parliamentary speaker said on Saturday, bowing to intense pressure after a violent day of protests in ...