MONETABRIEF — Sri Lanka’s presidential hopeful Namal Rajapaksa holds cash and other assets worth several times more than the Rs. 140 million he is accused of receiving as bribes in two ongoing court cases, according to his asset declaration.
The 40-year-old politician is currently in remand custody and is accused in the two cases of receiving $800,000 from the $2.3 billion Airbus aircraft deal and Rs. 70 million from the Krrish real-estate development in Colombo.
Rajapaksa’s 43-page mandatory asset declaration shows not only substantial holdings of gold and gems but also a significant dowry declared in connection with his marriage to Limini Weerasinghe in September 2019.
He estimates the value of the gems, jewellery and bullion he owns at Rs. 22.8 million. The value of his wife’s gems and jewellery is Rs. 78.29 million.
Rajapaksa and Limini, 28, whose parents own Lanka Sportreizen (LSR), a leading Sri Lankan travel and leisure company, had foreign-travel expenses of Rs. 16.7 million covered by her parents’ company in the financial year ended March 31, 2026.
The total includes Rs. 9 million in expenses declared by Namal and Rs. 7.7 million declared by Limini.
The assets declared by Namal Rajapaksa’s wife appear consistent with the successful business operations of LSR, which has held lucrative transport contracts with SriLankan Airlines and others.
Yet Rajapaksa gave Rs. 30 million to his father-in-law, the main shareholder of LSR, during the 2025/26 financial year as an “advance for the purchase of joint property.”
Limini, meanwhile, has borrowed nearly Rs. 30 million from Lin Asia Holdings (Private) Limited, a company owned by her parents in which she holds a minority share. The loan began in 2019, the same year the company was registered.
Lin Asia has total capital of just over Rs. 3 million, according to Registrar of Companies records, specifically the company’s latest annual return (Form 15) for 2024.
Rajapaksa’s asset declaration, which includes cash and property belonging to his wife, does not provide an interest rate or explain the nature of her transaction with her parents’ company, Lin Asia Holdings.
There are no public records indicating the business activities of Lin Asia Holdings.
However, a LinkedIn post describes it as an “IT Services and IT Consulting” company. The website shown in the LinkedIn post points to a UK-based platform for selling domain names.
Both the Commission to Investigate Allegations of Bribery and Corruption and the Financial Crimes Investigation Division are looking into Namal Rajapaksa’s assets and examining his latest declaration, which was posted on the CIABOC website.
His annual salary and allowances as a member of Parliament during the review period are listed as Rs. 4.19 million, while his wife’s salary from the family’s Sportreizen business is Rs. 1.38 million.
Cash Management
His cash in hand as of March 31, 2026, was Rs. 24.30 million, while he maintained modest deposits totalling Rs. 312,925 in three bank accounts at the Bank of Ceylon, PABC and Sampath Bank.
He has invested Rs. 38 million in Gowers Corporate services (Pvt) Ltd, which he owns in full. The investment was made in 2013, two years after he became a lawyer. At the time, he was also a ruling-party MP.
In November 2023, Namal Rajapaksa and four other directors of Gowers Corporate services (Pvt) Ltd—Indika Karunajeewa, Sujani Bogollagama, Iresha Silva and Nithya Senani Samaranayake—were acquitted in a case involving alleged money laundering of Rs. 30 million after the court found that the prosecution had failed to provide credible evidence.
Namal Rajapaksa has lent money to two other individuals—Nadarajah Mohanraj and Ahamed Igilan Mohamed Nushan—in addition to advancing Rs. 30 million to his father-in-law, Pathirannehelage Thilak Weerasinghe.
The declaration records Rs. 3 million in annual interest income from a personal loan to “Mr. Mohan.” This corresponds to the 15 percent interest declared on the Rs. 20 million loan given to Nadarajah Mohanraj, whose name appears in the loan section of the declaration. Mohamed Nushan was given Rs. 10 million at zero interest.
Namal Rajapaksa declared two credit-card facilities, from Sampath Bank and Standard Chartered. The balance owed to Sampath was Rs. 3.55 million, while Rs. 1.22 million was owed to Standard Chartered. He had also obtained a personal loan from the Bank of Ceylon, with an outstanding balance of Rs. 5.30 million and an interest rate of 12 percent.
The declaration also shows that Namal Rajapaksa borrowed Rs. 47.45 million in 2017 from Hellocorp (Pvt) Limited and the remaining balance to be repaid is also Rs. 47.45 million which means he has not repaid the loan as at March 31, 2026. Hellocorp is also a company linked to him.
Rajapaksa has also borrowed another Rs. 8.0 million from a person identified as Himal Lalinda Hettiarachchi in 2011 and 15 years later the money has not been repaid. The reasons are not given and nor is it a requirement in the declaration. Hettiarachchi is a first cousin of Namal Rajapaksa
Here are some of the highlights from the asset declaration:
Gem, jewellery and bullion holdings of Namal Rajapaksa
Gem, jewellery and bullion holdings of Namal Rajapaksa’s wife, Limini
Total of the wife’s items with stated monetary values: Rs. 78,299,000. This excludes the Japan-brand watch, the pearl necklaces and other items marked as having values that cannot be calculated.
Properties identified as wedding dowry
The declaration records these properties as being owned by Limini’s father, Pathirannehelage Thilak Weerasinghe. It says that Limini receives or controls a 50 percent share in the relevant properties and describes the interest as “immovable properties and movable properties and business as wedding dowry from parents.” The declaration does not state that Namal personally owns these properties.
The official asset declaration does not require an individual to state how assets were acquired, but the authorities may investigate. The declaration is not, by itself, evidence of wrongdoing unless that is established following an audit or other legal process.
(Colombo/Oct. 3, 2026)