News
ECT deal put on hold; conflict of interest
View(s):The proposed agreement on finding a local investor for the East Container Terminal project has been put on hold after revelations of a conflict of interest involving a senior official of the present Government.
The local company owned by a relative of the senior official has been proposed as a partner for the proposed company which will hold 51 percent of the local shares.
The company concerned already has undertaken other state contracts.
The Sunday Times learns that in view of the conflict of interest a decision on getting the company involved has been put on hold.
Port workers unions said they were aware of the conflict of interest and hope to take up the issue with the government soon.