Serious questions are surfacing with little or no clear answers over the controversial oil hedging deals undertaken by the Ceylon Petroleum Corporation (CPC) in which the loss – at current crude oil prices – is estimated at over $300 million or about 15 % of the Sri Lanka’s foreign reserves, analysts said.
A fundamental rights petition filed by public interest activist Vasudeva Nanayakkara against John Keells Holdings (JKH) and Lanka Marine Services (LMS) on the 'illegal' tax concessions the company received from the Board of Investment (BOI) during privatization is due to come up before the Supreme Court on Thursday.
