Tycoon Perera to Replace Basil Rajapaksa as Sri Lanka Lawmaker

Tycoon Perera to Replace Basil Rajapaksa as Sri Lanka Lawmaker

Bloomberg·2022-06-11 07:18

Sri Lankan tycoon Kulappuarachchige Don Dhammika Perera, one of the bankrupt country’s richest men, will replace former finance minister Basil Rajapaksa as a lawmaker to help steer the nation out of its worst economic crisis.

President Gotabaya Rajapaksa -- Basil’s older brother -- made a “special request” to appoint Perera to parliament, party General Secretary Sagara Kariyawasam said by phone Friday. Perera is founder and chairman of Vallibel One Plc, whose shares have surged 34% over the past three days compared with a 3.5% gain in the broader index. 

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