BASL files writ petition against forced conversion

Meddegoda have filed a writ petition before the Supreme Court, with regards to the conversion of foreign currency earnings by BASL members by the Central Bank of Sri Lanka.

 

The application explains that the BASL members received payment for services provided within and outside of Sri Lanka in both foreign currency and rupees.

 

The Petitioners state that such draconian measures of forcefully converting the foreign currency of BASL members amount to the expropriation of private property which is both unconstitutional and wholly illegal.