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)