Colombo (AP): Sri Lanka's president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country's worst economic crisis in decades, a prominent lawmaker said on Friday.

President Gotabaya Rajapaksa agreed that a national council will be appointed to name a new prime minister and Cabinet comprised of all parties in Parliament, lawmaker Maithripala Sirisena said after meeting with the president.

Sirisena, who was president before Rajapaksa, was a governing party lawmaker before defecting earlier this month along with nearly 40 other legislators.

Sri Lanka is near bankruptcy and has announced it is suspending payments on its foreign loans. It has to repay 7 billion in foreign debt this year, and 25 billion by 2026. Its foreign reserves stand at less than 1 billion.

The foreign exchange shortage has severely limited imports, forcing people to wait in long lines to buy essentials such as food, fuel, cooking gas and medicine.

Rajapaksa and his family, including Prime Minister Mahinda Rajapaksa, have dominated nearly every aspect of life in Sri Lanka for most of the last 20 years. Protesters who have crowded the streets since March hold them responsible for the crisis. 

 

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New Delhi (PTI): The Delhi Police has busted an interstate cyber fraud syndicate involved in an online investment scam and arrested four persons, an official said on Saturday.

A crime branch team arrested the accused in a case where a victim was allegedly cheated of Rs 33.83 lakh on the pretext of lucrative returns through online trading platforms.

“Police said the accused lured victims with promises of high returns and later coerced them into depositing more money on the pretext of unlocking or withdrawing earlier investments,” the officer said.

Police said the racket operated across several states, including Delhi, Punjab and Rajasthan, and used a network of mule bank accounts to route and layer the defrauded money to conceal its origin.

“During the investigation, the cheated amount was traced to 15 bank accounts. Thirteen of these accounts were registered outside Delhi, indicating the organised and interstate nature of the syndicate,” said the police officer.

The accused have been identified as Mohammad Khalid (26) and Atiur Rahman (23), both residents of Delhi, Ramandeep Singh (29) from Punjab, and Tanish alias Heera Ram (27) from Rajasthan.

According to the police, Khalid was arrested on March 15 and allegedly disclosed that he gave his bank account details and SIM card to a co-accused for a commission.

Rahman, who was already lodged in a jail in Haryana in a similar case, was later formally arrested. Ramandeep Singh was arrested on April 6 and allegedly admitted to sharing his account credentials for monetary gain.

Tanish was apprehended from Rajasthan on April 9 for facilitating the use of such accounts in the fraud network.

During the probe, officers analysed over 100 call detail records, IMEI data and transaction-related digital evidence to track the accused and establish the money trail.

Three mobile phones and SIM cards used in the crime have been recovered.

Further investigation is underway to identify other members of the syndicate and trace additional financial linkages, the police said.