Lanka Coal Company chairman and board removed

The Campaign for Free and Fair Elections (CaFFE) wrote to President Maithripala Sirisena about the alleged corrupt deal on January 04, 2016.“We pointed that because of this deal Sri Lankan government has lost at least Rs 4145 million and that even the Supreme Court of the country has declared that (verdict no SCFR394/2015) that the deal must be made null and void. CaFFE also states that three politicians, belonging to both Sri Lanka Freedom Party (SLFP) and United National Party (UNP), are directly involved in this corrupt deal. ACF also wrote to the new Director General of the Bribery Commission inquiring what action has been taken on the previous complaint lodged by ACF,”  the Anti Corruption Front said. With this agreement, the state will have to pay US $ 10 per ton above the real market price.The first ship carrying coal will arrive with a shipment between 40 000 – 60 000 tons. The Letters of credit have already opened to facilitate this deal,” the Anti Corruption Front said. Anti Corruption Front noted that a few days after an Auditors General report revealed that Sri Lanka lost Rs 4145.43 million in 2016 due to an agreement signed after obtaining Cabinet approval through misleading Ministers, to import coal to the country, the Ministry of Power had entered into a similar agreement. The Anti Corruption Front said that with this deal members of the Good Governance government will have the opportunity to embezzle more money than what the Mahinda Rajapaksa administration made in four years. (Colombo Gazette) The Chairman of Lanka Coal Company (Pvt) Ltd, Maithri Gunaratne and the board have been removed by the Power and Renewable Energy Ministry.Earlier today the Anti Corruption Front (ACF) said that the secretary to the Ministry of Power and Renewable Energy BMS Batagoda had written to President Maithripala Sirisena demanding the resignation of ‎Maithri Gunaratne who had continuously opposed attempts to sign an unfavourable deal to import coal to Sri Lanka. read more

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