Undeclared Assets Could Trigger Criminal Probe

COLOMBO (News 1st): Ranga Dissanayake, Director General of the Commission to Investigate Allegations of Bribery or Corruption, has issued a strong reminder to public officials about the legal obligation to declare their assets and liabilities.

Dissanayake emphasized that individuals with a known monthly income — for example, Rs. 100,000 — cannot reasonably justify owning luxury assets worth millions unless properly declared. He stressed that failure to submit asset declarations is a punishable offense under Sri Lankan law.

He further noted that while some individuals declare their assets transparently, others attempt to hide wealth under the names of third parties. 

“Just because an asset isn’t in your name doesn’t mean it isn’t yours,” he warned.

Dissanayake also highlighted that if there is suspicion or a formal complaint, the Commission has the authority under Section 84 of the Bribery Act to launch investigations.

If individuals cannot explain how they acquired their assets, they may be prosecuted under Section 109 of the same Act.

He noted that a culture of full disclosure is essential to reducing corruption and restoring public trust. “If everyone declares their assets honestly, we can significantly reduce corruption in this country,” he said.