Sri Lanka court refuses to issue arrest warrants for two Indian directors in bribery case

A Sri Lankan court has refused to issue arrest warrants for two Indian directors in a bribery case. This decision is significant because it relates to a high-profile case involving Opposition leader Namal Rajapaksa, who is already in custody over an alleged bribe linked to a stalled hotel project in 2013. The lack of evidence cited by the court suggests that the case against the Indian directors may be weak, which could have implications for the overall investigation and potential outcomes in the case.

Why it matters

The court decision reduces uncertainty for the Indian directors. This outcome could improve investor sentiment towards Indian companies operating in Sri Lanka.

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