-By LeN Investigations Desk
(Lanka-ew-Nes -20.Nov.2025, 9.00 PM) Australian immigration authorities are reportedly examining the residency status of the family of a prominent Sri Lankan business magnate, whose rapid rise in wealth and sprawling corporate acquisitions have long attracted both admiration and suspicion within Colombo’s business circles.
The tycoon, known locally for owning leasing firms, vehicle import companies, and recently expanding into several new sectors—while publicly boasting of investments in Colombo Port City—is now at the centre of a growing set of unanswered questions. According to senior Sri Lankan sources familiar with the matter, Australian authorities are reviewing how his spouse and children obtained their visas and whether key information was omitted or misrepresented in the process.
Officials are reportedly focusing on whether financial documentation submitted during the visa application process was generated from one of the businessman’s own entities, potentially inflating or fabricating affordability thresholds required by Australian law.
Investigators are also said to be assessing whether all mandatory disclosures were made. This includes declarations on past legal troubles, civil liabilities, or historical incidents. According to Colombo-based legal professionals, an undisclosed accident involving a fatality many years ago in Sri Lanka — which local sources allege should have been reported in immigration paperwork — is now of particular interest.
Australian immigration legislation requires full, truthful disclosure in all visa forms, and omissions can lead to cancellation regardless of how many years have passed.
The businessman’s meteoric financial growth, his ability to acquire companies across multiple sectors, and his reputation for “turning around” distressed firms have long faced scrutiny. Critics claim the foundation of his empire was built through questionable practices in Sri Lanka’s vehicle trade — including allegations of importing damaged vehicles, welding them into new shapes, and reselling them in both Sri Lanka and foreign markets.
These allegations, now resurfacing alongside the immigration probe, raise broader concerns about money laundering and cross-border movement of funds. According to sources in the Sri Lankan financial regulatory sphere, several foreign jurisdictions — including at least one Western nation — have opened inquiries into possible illicit financial flows linked to his business network.
There are also unconfirmed reports circulating in Colombo that his name is being examined for potential addition to a U.S. sanctions or restricted-entity list, though no official confirmation has been issued.
Despite cultivating an image of corporate success and public philanthropy, the tycoon has faced recurrent questions about the origins of his wealth. Industry insiders claim that no amount of legal muscle, public relations campaigns, or overseas consultants will shield him from the intensifying scrutiny from regulators abroad.
“He can buy companies, he can buy publicity, but credibility is not for sale,” one Colombo financial analyst said on condition of anonymity. “The questions about his past have been whispered about for years. Now they are being asked by governments.”
While Sri Lanka’s previous political environment was often accused of protecting wealthy business figures, the current administration — led by the National People’s Power (NPP) — has publicly pledged to investigate suspicious financial empires and trace illicit wealth accumulated over decades.
According to immigration law experts in Sydney and Canberra, Australian authorities have sweeping powers to revoke visas if they believe the initial grant was based on false information, forged documents, or withheld details. The consequences can be severe: if a principal applicant is found to have breached immigration requirements, dependents — including spouse and children — may also lose their residency rights.
For the businessman’s family, who are believed to be living comfortably in Australia, the possibility of visa revocation has reportedly caused deep anxiety. Multiple Sri Lankan sources confirm that the family is “living under a cloud,” uncertain whether their Australian life will soon come to an abrupt end.
Meanwhile, Sri Lankan investigative journalists say they are determined to bring transparency to a story they claim has been buried for years.
A senior editor at an independent online news outlet said:
“We know the allegations. We know the history. We know how the vehicles were welded and how the money flowed. Wealth can silence some people, but not us.”
With at least three international investigations already underway, and the Australian immigration review gaining momentum, the businessman may soon face the limits of influence that once seemed limitless.
His glossy corporate balance sheets may tell one story, but authorities on two continents are now asking whether another, darker story lies beneath.
For now, the central question in Colombo and Canberra remains the same:
Can vast wealth buy a family’s security abroad — or will the truth, once uncovered, bring the entire empire crashing down?
-By LeN Investigations Desk
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by (2025-11-20 15:29:13)
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