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Sri Lanka arrests former finance minister on corruption charges

Ravi Karunanayake faces allegations of misappropriating state funds to pay private sector employees. The arrest marks the latest in a series of high-profile corruption cases in the island nation.

LSN Singapore · 31 August 2026

Sri Lanka arrests former finance minister on corruption charges

Sri Lankan authorities have arrested Ravi Karunanayake, the country's former finance minister, on charges related to alleged misuse of public funds. Investigators allege that Karunanayake directed state money to cover salaries and expenses for his private employees, a practice that would constitute a breach of fiduciary duty and misappropriation of government resources.

The arrest underscores renewed anti-corruption efforts in Sri Lanka, where financial impropriety among senior officials has drawn public scrutiny in recent years. Karunanayake, who previously served as finance minister in a previous administration, faces formal questioning regarding the alleged unauthorized transfers.

Authorities have not disclosed further details regarding the scope of the investigation or the precise amounts involved. The case is expected to move through Sri Lanka's legal system, with prosecutors building their case against the former minister.

The development signals the government's stated commitment to holding officials accountable for financial wrongdoing, though critics have questioned the consistency and impartiality of corruption investigations across different political administrations in the country.