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Oct 11, 2017

Assets and liabilities fine to be raised to Rs. 100,000

The cabinet has decided to raise the fine imposed for the failure to declare, or making false declarations of assets and liabilities from the present Rs. 1,000 to Rs. 100,000.

There have been strong criticisms against the imposition of a Rs. 1,000 ban on politicians who had failed to declare their assets and liabilities.

The related court cases themselves had cost more than the fine imposed.

The existing punishment also includes a prison term not exceeding one year.

Former deputy minister Sarana Gunawardena and ex-MP Duminda Silva pleaded guilty to this charge and were fined a mere Rs. 2,000 (for two years) Rs. 3,000 (for three years) respectively.

At their meeting yesterday (10), ministers approved a proposal by justice minister Thalatha Athukorale to instruct the legal draftsman to formulate laws to raise the fine to Rs. 100,000.