In an attempt to quell investor fears, Sri Lanka’s Central bank has announced that the takeover bill is not expropriation.

Defending the newly passed “urgent bill”, the bank said in a statement,

"The ... act does not, in any way, constitute the nationalization or the expropriation of private assets".

Sarath Fonseka, former Sri Lankan Army General was sentenced for three years by the High Court on Friday on charges of "spreading disaffection", "spreading rumours" and "causing public disorder".

According to the prosecution, Fonseka told the Sunday Leader newspaper on 13th December 2009, that the defence secretary, Gotabhaya Rajapaksa, of ordering the execution of LTTE commanders as they surrendered - a war crime. Fonseka disputes this.

He is currently facing a 30-month sentence for alleged corruption and other charges.

The decision to sentence Fonseka fell on the same day as Rajapaksa's birthday, and two days before the proposed release of the LLRC.

Two out of the three High Court judges ruled against him. Attorney Nalin Ladduwahetty said Fonseka would appeal the sentence.

In a statement, Fonseka said,

“I reject this decision with disgust,”

“I believe that the fair-minded people will correct this mistake one day, otherwise it will remain a black mark in the history of our judiciary.”

Fonseka was the Army General during the final stages of the conflict where over 40,000 Tamils were systematically targetting by the Sri Lankan military and annihilated.

The Committee to Protect Journalists has slammed Sri Lanka’s accusations that missing journalist Prageeth Eknaligoda has gone to seek political refuge in a foreign country.

Sri Lanka’s anti-government website lankanewsweb.com has apparently obtained extracts of the yet to be published LLRC report.

According to the website, which is banned in Sri Lanka, the government is preparing to sacrifice nearly one hundred soldiers, including senior military leaders, in order to save Defence Secretary Gotabhaya Rajapakse and President Mahinda Rajapakse.

The soldiers will be held responsible for the atrocities committed during the war in 2009, in the hope that the Rajapakse brothers will be let off the hook.

Addressing cabinet on Thursday, Sri Lanka's Media and Information minister, Keheliya Rambukwella, asserted that the Ministry has "full authority" to act against any websites deemed to be publishing "false information".

The statement came following the ruling regime's recent decision to enforce mandatory registration of all websites that deliver "news, information on Sri Lanka, or information on its people".

Addressing the cabinet on Thursday, Rembukwella is reported to have said,

"[the Media] Ministry has the full authority to take action against any website which propagates false information or indecent exposure."

The very next day after Tamil Nadu Chief Minister Jayalalitha urged India to “assert itself with the Sri Lankan Government”, yet another attack on Indian fisherman has been carried out by the Sri Lankan Navy.

Three Indian fishing boats have been damaged and a fisherman admitted to hospital with head injuries, as yet another incident of Indian fishermen being attacked by the Sri lankan Navy occured on Tuesday.

The fishermen allege that the Navy men pelted them with stones while they were fishing in the Palk Straits.

The past 9 days have seen 2 separate incidents with 14 fishermen being injured and 23 boats being damaged by the Sri Lankan Navy.

The head of Sri Lanka's 2018 Commonwealth Games bid committee, suggested that India's shoddy games last year, resulted in Sri Lanka losing out to Australia.

Highlighting India's outstanding debts to contractors, Ajith Nivard Cabraal said,

Tamil Nadu Chief Minister J. Jayalalitha has asked the government of India to assert itself and urge the Sri Lankan government to reign in ‘rogue elements’ in its navy.

In a letter to Prime Minister Manmohan Singh she said:

"I strongly feel the government of India should assert itself with the Sri Lankan government to control the rogue elements in the Sri Lanka Navy who continue to (physically) assault our innocent fishermen."