Sri Lanka to introduce Stolen Assets Recovery Initiative (StAR)

Delivering the Policy Statement of his Government, the President Ranil Wickremesinghe told Parliament that an Anti-Corruption Bill will be introduced and the Government is taking steps to include the “Stolen Assets Recovery Initiative (StAR)” into this Bill, together with the World Bank and the United Nations.

“Sri Lanka’s economy today is severely damaged. Its malaise needs to be immediately diagnosed and treated accordingly. However, people are pointing to the mistakes made by those in-charge and are urging them to be punished first.
However, I try to cure the malady first, after which we can take further measures. We should prioritize curing the ailment, which is what I am doing.

However, as soon as this critical condition is addressed, we will take another step to eliminate the recurrence of such a crisis. For this purpose, we are introducing an Anti-Corruption Bill. We are taking steps to include the “Stolen Assets Recovery Initiative (StAR)” into this Bill, together with the World Bank and the United Nations” President told.

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