CIABOC assets defaulters face fines/ imprisonment
Sri Lanka’s senior public officials of 31 sectors and parliamentarians who had failed to submit asset and liability declaration to the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) by June 30, 2025 will now face penalties under the Anti-Corruption Act, official sources confirmed.
Under the Anti‑Corruption Act No. 9 of 2023, senior public officials in Sri Lanka were required to submit annual declarations of assets and liabilities as of March 31, 2025, to their Heads of Institution, on or before 30 June 2025.
According to the Act, failing to submit these declarations by June 30 each year can result in significant financial penalties. If the declaration is not submitted by June 30, the Act imposes daily fines starting from July 1.
From July 1 to July 31, the daily fine is one-thirtieth of the gross monthly salary. From August 1 to August 31, the daily fine increases to one-thirtieth of the average total salary over the last six months. These fines are deducted directly from the declarant’s salary and transferred to the CIABOC Fund.
Failing to submit the declaration by September 1 has even more severe consequences. If convicted, the individual may face a fine equal to their last 12 months’ gross salary, imprisonment for up to one year, or both, subject to an investigation and successful prosecution by the Commission.
The Anti-Corruption Act extends declarations beyond senior officials covered in the previous law to include the president, governors of provinces, provincial councillors, heads of Sri Lankan diplomatic missions, officers of public corporations, officers of provincial councils, and management of private companies (where more than 25 per cent shares are held by the Government or public corporations). This covers a total estimated at 25,000 – 30,000 individuals.
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