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HomeNewsSri LankaFormer Sri Lanka PM warns of "black money" in port plan

Former Sri Lanka PM warns of “black money” in port plan

Former Sri Lankan Prime Minister Ranil Wickremesinghe has called on the government to make amendments to a plan for a giant special economic zone in Colombo that was to include casinos, warning it risks becoming a centre for money laundering.

The Colombo Port City, which has also been dubbed as “Sri Lanka’s new Dubai” is a city built on 2.6 square kilometers of reclaimed land and funded by $1.4 billion in Chinese investment.

Former PM calls on government to amend Port City Bill to ensure it’s not a centre for money laundering (Colombo Page)

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