Money laundering and IFFs amongst concerns over China-funded port plans in Sri Lanka
Money laundering and illicit financial flows (IFFs) are amongst several concerns raised by petitioners who have triggered a five-judge bench of the Sri Lankan Supreme Court to examine several petitions filed against the US$1.4 billion China-funded Colombo Port City Commission Bill presently in parliament.
The petitioners say the bill contravenes Sri Lanka’s constitution and are seeking a two-thirds parliamentary majority and a referendum before the controversial bill can be passed.
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