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The Colombo High Court yesterday suspended the accounts operated by the Tamil Rehabilitating Oraganisation (TRO) for six months. The Attorney General made application on behalf of the Financial Investigation Unit of the Central Bank of Sri Lanka to facilitate its investigation. The Central Bank held the TRO funds earlier this week, alleging that the organization has close links with the LTTE. The Attorney General sought the order in terms of Section 15 of the Financial Transactions Reporting Act and the Convention for the Suppression of Terrorist Financing Act No. 25 of 2005, which was enacted to give effect to the United Nation’s Convention for the Suppression of Terrorist Financing adopted, to which Sri Lanka was a signatory. In terms of the petition, TRO personnel in many foreign countries had been allegedly involved in terrorist financing. Theses funds have been channeled to the Sri Lankan TRO office through local banking system under the mask of humanitarian projects. The TRO was removed from the list of charities in the UK after an investigation that concluded it liaised with the LTTE "in determining where funds could be applied". The UK investigation also concluded that the TRO has failed to "account satisfactorily" of funds held by the oraganisation.
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