HomeNewsCabinet Approves Draft Bill on Property Earned from Crime

Cabinet Approves Draft Bill on Property Earned from Crime

Cabinet Approves Draft Bill on Property Earned from Crime

spot_img

The Cabinet of Ministers has approved the submission of a draft bill on property earned from criminal activities to Parliament for its concurrence. The approval was granted following a proposal by the Minister of Justice and National Integration at the Cabinet meeting on 9 December 2024, Cabinet Spokesperson Nalinda Jayatissa said.

The minister made this remark during the weekly Cabinet media briefing.

The draft bill, prepared by the Legal Draftsman with clearance from the Attorney General, aims to address the issue of assets acquired through criminal means. The proposed legislation is intended to strengthen legal measures for identifying, seizing, and managing such property.

The draft will now be published in a government gazette notification before being formally submitted to Parliament for debate and approval.

spot_img

Latest articles

Duo who turned up to bail out Kapila Chandrasena end up behind bars

Two individuals who appeared in court to provide bail for former Kapila Chandrasena, who...

People’s Bank Sri Lanka backs national QR payment drive to boost cash-lite economy

People’s Bank Sri Lanka has announced its support for the National QR Payment Adoption...

Asia Asset Finance supports island-ranked Kayts student through ‘Hetata Athak’

Asia Asset Finance PLC, through its sustainability and community impact initiative “Hetata Athak,” has...

50,000 fans crowd outside National Palace as BTS meets Mexican President

South Korean K-pop group BTS met Mexican President Claudia Sheinbaum at the National Palace...

More like this

Duo who turned up to bail out Kapila Chandrasena end up behind bars

Two individuals who appeared in court to provide bail for former Kapila Chandrasena, who...

80 foreign nationals arrested over alleged financial scams, visa violations

A group of foreign nationals accused of engaging in financial scams while violating visa...

SC orders monk to pay for restoring illegally cleared Nakolagane forest

The Supreme Court today (6 May) delivered a landmark judgment, ruling that environmental destruction...