Detectives quiz former Finance Ministry Secretary P.B. Jayasundera on several major deals

Financial Crimes Investigation Division (FCID) detectives have questioned former Finance Ministry Secretary P.B. Jayasundera over a string of transactions during the previous administration.
One such case is the oil hedging deal which caused a loss of US$ 200 million to the state-owned Ceylon Petroleum Corporation (CPC). Another case is for allegedly causing a “large financial loss” to the Government.

This was when the Sri Lanka Insurance Corporation was reacquired on the directions of the Supreme Court. Other cases include: alleged irregularities in the loan agreement with China Exim Bank for the purchase of two MA 60 air craft for Mihin Lanka; alleged irregularities in the import of rice by Lak Sathosa in 2014 and 2015 in which Treasury approval was given to open Letters of Credit for the import of 257,559 Mt of rice.
Dr. Jayasundera has also been questioned on the alleged financial irregularities of the Gin-Nilwala project on whether he was aware of the allocation of funds in 2014 and the over-expenditure of funds in 2015. The CAMC Engineering Company of China has been paid Rs. 1000 million (2014) and Rs 3,012 million (2015) totalling Rs 4,012 million as advance.