Sri Lanka anti-graft body withdraws case against Ajith Cabraal, LKR 1.8B payment ordered

• Sri Lanka's anti-graft body conditionally withdrew a case against former central bank governor Ajith Cabraal regarding a 2011 Greek bond investment.
• The condition requires Cabraal to deposit LKR 1.8 billion as compensation to the state within three months for losses incurred.
• The withdrawal is permitted under Sri Lanka's 2023 Anti Corruption Act; failure to meet the condition will result in the case being reinstated.
• This action is part of the current government's broader anti-corruption efforts, which have seen numerous arrests and convictions of former officials.

Why It Matters: New law allows conditional case withdrawal for ex-governor, setting a precedent.