Kitsen Sanjeewa Bandaranayake vs The Monetary Board of the Central Bank of Sri Lanka – CA WRIT APPLICATION NO: 395/2020-2021

In the case between Kitsen Sanjeewa Bandaranayake (Petitioner) and the Monetary Board of the Central Bank of Sri Lanka and Others (Respondents), the Court addressed the legality of the establishment of the Financial Crimes Investigation Division (FCID), the admissibility of materials maintained by the FCID in criminal proceedings, and the propriety of contemplated regulatory action under Section 21 of the Finance Business Act No. 42 of 2011 against the Petitioner. It was held that the Petitioner was not entitled to writs of Certiorari and Prohibition, having failed to challenge the establishment of the FCID in a timely and procedurally correct manner, and that no illegality existed in the prospective actions by the authorities. The principle reaffirmed is that discretionary writ relief may