Local exporters using the EU’s GSP+ duty-free export scheme have been told to issue redeemable preference shares in return for government assistance, if the GSP+ is terminated.
Last week the government announced a US$ 150 million support package for exporters using the GSP+, if the EU does not renew the scheme for Sri Lanka.
The Criminal Investigation Department (CID) has recorded statements from at least three companies who were in the running for the Lanka Marine Services Ltd (LMSL) privatisation in a bid to ascertain more details of what the Supreme Court says is a fraudulent transaction.
