Arjuna Ranatunga faces arrest in ₹23.5 crore oil scam

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CNBC TV18•16-12-2025, 13:13
Arjuna Ranatunga faces arrest in ₹23.5 crore oil scam
- •Former Sri Lanka cricket captain Arjuna Ranatunga faces arrest over an alleged ₹23.5 crore oil procurement scam.
- •Ranatunga is accused of corruption during his 2017 tenure as petroleum minister, involving altered procedures and higher-cost spot purchases.
- •His elder brother, Dhammika Ranatunga, also implicated, was arrested and released on bail with a travel ban.
- •The alleged scam resulted in a loss of approximately ₹800 million Sri Lankan rupees to the state.
- •Arjuna Ranatunga, currently overseas, will be arrested upon his return; the next court hearing is March 13.
Why It Matters: It shows a government's anti-corruption drive targeting prominent figures.
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