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Namal Rajapaksa buys $70 million shares of Starlink

Namal Rajapaksa buys $70 million shares of Starlink

Namal Rajapaksa has purchased $70 million in Starlink stock.

Starlink is an American super internet company.

https://twitter.com/YourAnonKernal/status/1521065796885434370?s=20&t=DpeFzrl91kGzsxNx9N2GWA

Namal Rajapaksa is former President Mahinda Rajapaksa’s eldest son. Rajapaksa was a shareholder in Ascot Holdings PLC, owning 92,000 shares as of September 30, 2011.

Namal Rajapaksa is being investigated for money laundering after a civil society organisation called Voice Against Corruption filed a complaint with the FCID.

According to the complaint, a company owned by MP Namal Rajapaksa purchased shares in another company using funds obtained in violation of the Money Laundering Act. As a result, the Colombo Chief Magistrate ordered the freezing of several bank accounts related to the companies for further investigation.

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Yamini Sharma

Yamini Sharma is currently pursuing graduation in Commerce from Delhi College of Arts and Commerce. Yamini is currently working as a journalist at TheTechOutlook.com and can be reached at yamini.sharma@thetechoutlook.com

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