Colombo Chief Magistrate Asanga S. Bodaragama ordered today (20) that the case filed by the Commission to Investigate Allegations of Bribery or Corruption against former Minister Prasanna Ranatunga accusing him of causing a loss of Rs. 4,750,828.72 to the Sri Lanka Insurance Corporation be adjourned until January 26.
The case alleges that during his tenure as the Minister of Tourism and Aviation, Prasanna Ranatunga facilitated an undue advantage for a private brokerage firm when medical insurance coverage was obtained from the Sri Lanka Insurance Corporation for employees of four institutions including the Sri Lanka Tourism Development Authoritywhich fell under his ministry. The Bribery Commission informed the court that this action resulted in a substantial financial loss to a state institution.
The Magistrate issued the order to adjourn the case after considering the submissions presented by the Bribery Commission when the matter was taken up today.