[5] The registered address of the company – 260/12 Torrington Avenue, Colombo 5 – had been used by President Rajapaksa during the 2004 parliamentary election.
[12][13][verification needed] Yoshitha Rajapaksa and four others including Nishantha Ranatunga, Rohan Weliwita were remanded on 30 January 2016 until 11 February, over the alleged financial irregularities at the CSN.
Investigations revealed that the money has been deposited in a private bank under the name of a different company[15] The network has been accused of misusing state funds under the former President of Sri Lanka, Mahinda Rajapaksa and having not paid any taxes to the government.
Finance Minister Ravi Karunanayake, who opened the debate on the interim budget, introduced a Super Gain tax to charge a levy from some companies that prospered disproportionately during the tenure of the previous government while making a minimum contribution to the economy.
"CSN has usurped the sports telecasting rights of the state-run television channels and misappropriated the fleet of vehicles assigned to the Presidential Security Division (PSD) for its business operations.
[5][18] Taking advantage of this, the newly formed CSN won the broadcasting rights to the Australian tour of Sri Lanka.
[25] The rights to telecast the 2015 ICC World Cup were removed from the channel by the new government and awarded to the SLRC.