COLOMBO – Sri Lanka’s Foreign Minister Ravi Karunanayake resigned on Thursday over his alleged involvement in a bond scam in 2015.
Karunanayake, who was the finance minister before he was appointed as the foreign minister two months ago in a cabinet reshuffle, had denied the charges.
“I am sacrificing my position for my party, for those ministers and backbench MPs who love the party, for my supporters,” said the former minister, shortly before opposition lawmakers were due to present a no confidence motion against him.
“The allegations against me are baseless,” he added.
A special commission of inquiry, appointed by the country’s president, Maithripala Sirisena, who came to power in January 2015 promising to end corruption during his term, is investigating a scam in the Central Bank of Sri Lanka in 2015.
During the investigation, it was revealed that a bond operator had paid for the lease for Karunanayake’s penthouse when he was the finance minister between 2015-2017.
The commission is also investigating the alleged involvement of the minister in the case.