Private sector entities would also be liable to be charged under the new Anti-Corruption Act.

For the first time in history, a private entity could be charged and convicted if it commits crimes within the ambit of the Anti-Corruption Act, which will become law soon. Previously, it was only limited to the public sector.
These new provisions were revealed and emphasised at the Sectoral Oversight Committee on a Just and Law-Abiding Society held at the Parliament Complex today.
Accordingly, a specified business enterprise as defined in Section 5 of the Sri Lanka Accounting and Auditing Standards Act, No. 15 of 1995, shall be subject to conviction upon committing any offence under the said Bill once enacted.
Parliamentarian. W. D. J. Seneviratne chaired the committee.
Moreover, the Bill also includes provisions to recruit specialists from specified Private sector entities would also be liable to be charged under the new Anti-Corruption Act.
For the first time in history, a private entity could be charged and convicted if it commits crimes within the ambit of the Anti-Corruption Act, which will become law soon. Previously, it was only limited to the public sector.
These new provisions were revealed and emphasised at the Sectoral Oversight Committee on a Just and Law-Abiding Society held at the Parliament Complex today.
Accordingly, a specified business enterprise as defined in Section 5 of the Sri Lanka Accounting and Auditing Standards Act, No. 15 of 1995, shall be subject to conviction upon committing any offence under the said Bill once enacted.
Parliamentarian. W. D. J. Seneviratne chaired the committee.
Moreover, the Bill also includes provisions to recruit specialists from specified fields for this purpose, which is not limited to police officers.
Members of the Sectoral Oversight Committee on a Just and Law-Abiding Society were of the view that certain provisions of the Bill required amendments to best serve the intention and purpose of the Bill.
The objective of the Anti-Corruption Bill includes the prevention and eradication of bribery and corruption to meet the just requirements of the general welfare of a democratic society.
fields for this purpose, which is not limited to police officers.
Members of the Sectoral Oversight Committee on a Just and Law-Abiding Society were of the view that certain provisions of the Bill required amendments to best serve the intention and purpose of the Bill.
The objective of the Anti-Corruption Bill includes the prevention and eradication of bribery and corruption to meet the just requirements of the general welfare of a democratic society.