The massive Colombo Commercial Company (CCC) property development project located at a prime area in Colombo facing Beira Lake at Sir James Peiris Mawatha has run into a major controversy due to a decision to sell it to a blue chip conglomerate at a price of Rs. 8 billion without calling for public tenders.
The Richard Peiris Group (RPC) which has turned around the corner in the current financial year and heading for its biggest profit in history, says it’s looking to acquire assets overseas and build a plantation base in countries like Cambodia and Vietnam, official sources said.
