Court Orders Re-Arrest of Former SriLankan Airlines CEO ⚖️

The Colombo Magistrate’s Court has ordered the re-arrest of former SriLankan Airlines CEO Kapila Chandrasena, just two days after he was granted bail. The order follows a request by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) citing a violation of bail conditions. • Legal Action & Bribery Allegations: Chandrasena was arrested on 12 March regarding the 2013 procurement of Airbus aircraft. He is accused of accepting a US$ 2 million bribe and conspiring to receive up to US$ 16 million in total kickbacks. • Financial Implications: The case involves a US$ 2.3 Bn agreement for 10 aircraft. Prosecutors allege that € 1.45 million was funneled into a Singapore bank account via a shell company established in Brunei under his wife's name. • Governance & Accountability: The proceedings highlight ongoing scrutiny of the aviation sector's past procurement processes and the role of top management in major state-linked transactions. Chandrasena had previously faced legal action for similar allegations in 2020. 📈