5:50 PM

Chandrika Kumaratunga losse again

Supreme Court today ordered former Chandrika Kumaratunga to pay Rs. 3 million to government over the Water's Edge land transfer. Court also ordered businessman Ronnie Peiris to pay Rs.2 million and return the land to the UDA.

UK based businessman Ronnie Peiris has settled a tax probe by the Inland Revenue Department to the tune of Rs. 60 million and more over the controversial Waters' Edge Golf Club land transaction initiated during the administration of former President Chandrika Kumaratunga.

According to Finance Ministry sources, Peiris eventually settled a claim by the Department for the payment of his share in the transaction. Peiris is Group Finance Director and President of John Keells Holdings and has overall responsibility for Group Finance, including.