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Sri Lanka, [b] historically known as Ceylon, [c] and officially the Democratic Socialist Republic of Sri Lanka, is an island country in South Asia. It lies in the Indian Ocean , southwest of the Bay of Bengal , separated from the Indian peninsula by the Gulf of Mannar and the Palk Strait .
In 2022, as protests began growing in Sri Lanka, Jaliya Wickramasuriya, former Sri Lankan ambassador to the United States and Mexico, and a cousin of the Rajapaksa brothers, pleaded guilty in U.S. District Court for defrauding $332,027 from the Sri Lankan government during the purchase of a new embassy building in 2013.
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Rajapaksa's term was disputed by Wickremesinghe and Sri Lanka had two concurrent prime ministerial claimants. After failing to conduct a majority support vote in the house, Rajapaksa's duties were suspended by the Supreme Court of Sri Lanka. [25] Subsequently resigned from office to pave way for Wickremesinghe. [26] (10) Ranil Wickremesinghe
Gotabaya Rajapaksa, brother of former president Mahinda Rajapaksa, was the candidate of the Sri Lanka Podujana Peramuna [3] and was endorsed by the Sri Lanka Freedom Party. [4] Sajith Premadasa , son of former president Ranasinghe Premadasa and deputy leader of the United National Party was the candidate of the ruling party.
Rank Name Financial statistics in millions LKR Industry Revenue Profit Assets Market Cap. 1 Hayleys PLC: 241,276 14,046 279,383 45,600 Conglomerate
Candidate Party First preference Total votes; Votes % Votes % Anura Kumara Dissanayake: National People's Power: 5,634,915: 42.31: 5,740,179: 55.89: Sajith Premadasa
The main parties and alliances contesting in the election included the alliance of Sri Lankan president Gotabaya Rajapakse, the ruling Sri Lanka People's Freedom Alliance (SLPFA), the main opposition United National Party (UNP) of Ranil Wickremasinghe, Samagi Jana Balawegaya (SJB) of Sajith Premadasa, former opposition TNA of R. Sampanthan and ...