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Sri Lanka ex-president's son arrested on graft charges

Created at 4 Sep · 1:46 PM1 source↑ Market-relevant
IN SHORT

Namal Rajapaksa, son of former Sri Lankan President Mahinda Rajapaksa and a lawmaker, was arrested and remanded until September 18 on graft charges related to Airbus plane purchases by SriLankan Airlines.

Key Numbers

September 18remand date for Namal Rajapaksa
2013year of Airbus plane purchase
$4 billionAirbus fine for bribery allegations

Who's Involved

Namal Rajapaksa
lawmaker and son of former Sri Lankan President Mahinda Rajapaksa, arrested on graft charges
Mahinda Rajapaksa
former President of Sri Lanka
Asanga S. Bodaragama
Colombo Chief Magistrate who issued remand order
Commission to Investigate Allegations of Bribery or Corruption
Sri Lanka's key anti-graft body
Airbus
European manufacturer involved in plane sale investigation
Sri Lanka ex-president's son arrested on graft charges

↳ Why This Matters

The arrest of a prominent political figure's son on corruption charges highlights ongoing efforts to address graft in Sri Lanka and could impact political stability and investor confidence in the country.

Key facts

  • Namal Rajapaksa, son of former President Mahinda Rajapaksa, has been arrested.
  • He faces graft charges related to the purchase of Airbus planes by SriLankan Airlines.
  • Rajapaksa was remanded until September 18 by Colombo Chief Magistrate Asanga S. Bodaragama.
  • The arrest is part of an ongoing investigation into a multi-million-dollar plane purchase in 2013.
  • Airbus settled bribery allegations with authorities in 2020 for $4 billion.

Namal Rajapaksa, a lawmaker and the son of former Sri Lankan President Mahinda Rajapaksa, has been arrested and remanded until September 18 on graft charges. The charges are connected to the multi-million-dollar purchase of Airbus planes by the national carrier, SriLankan Airlines, in 2013.

Rajapaksa, who represents the opposition Sri Lanka Podujana Peramuna, was arrested after extensive questioning by the Commission to Investigate Allegations of Bribery or Corruption. Colombo Chief Magistrate Asanga S. Bodaragama issued the order for his remand.

Rajapaksa has consistently denied any wrongdoing. The investigation into the Airbus plane deal is ongoing, with a delegation from Airbus having visited Colombo in August to assist authorities. In 2020, Airbus agreed to a $4 billion fine to settle bribery and corruption allegations related to jetliner sales with French, British, and U.S. authorities.

Frequently asked questions

Namal Rajapaksa is a lawmaker in Sri Lanka and the son of former President Mahinda Rajapaksa. He has been arrested on graft charges.

He faces graft charges linked to the purchase of Airbus planes by SriLankan Airlines in 2013.

Airbus paid a $4 billion fine in 2020 to settle allegations of bribery and corruption related to jetliner sales.

What Happens Next

01Namal Rajapaksa to remain in remand until September 18.

How It Developed

Namal Rajapaksa was arrested on graft charges.
He was remanded until September 18.
The charges are linked to Airbus plane purchases by SriLankan Airlines in 2013.
Airbus paid a $4 billion fine in 2020 over bribery allegations in jetliner sales.

Sources

T1
Sri Lanka ex-president's son arrested on graft chargesReuters

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