- Last Update 2024-09-04 13:20:00
Alleged fraud in purchase of two ships by CSC
The Financial Crimes Investigation Division (FCID) has begun a probe on the purchase of two ships by the Ceylon Shipping Corporation (CSC) during the previous Mahinda Rajapaksa administration. The vessels, with a displacement of 63,000 tons each, investigators say had allegedly been purchased with excess payments amounting to US$ 30 million for both.
Investigators say the ships procured in 2013 from a Chinese state enterprise had been bought at $70 million each. Meanwhile, the FCID probe into the procurement of MiG-27 fighter jets is now nearing completion. A Sri Lanka team was in the Ukranian capital of Kiev a week ago following up on several matters. It included Attorney General Jayantha Jayasuriya, Senior DIG Ravi Waidyalankara, head of the FCID, and another official from the AG’s Department.
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- August 31, 2024 - 182 - 0
CPC reduces fuel prices
The Ceylon Petroleum Corporation (CPC) will reduce fuel prices with effect from midnight today.
- August 27, 2024 - 170 - 0
CBSL Governor warns reversal of reforms could trigger new crisis
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
- August 28, 2024 - 153 - 0
President opens Sri Lanka’s first LNG power plant
President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
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