Transport Ministry halts fraudulent SLTB insurance tender

News

The Ministry of Transport has stopped a suspicious insurance tender from proceeding that was initiated during the tenure of former Sri Lanka Transport Board Chairman (SLTB) Chairman Ramal Siriwardena.

The SLTB had called for bids from insurance companies to provide a third party insurance cover for buses, bus drivers and bus conductors during the service period of Mr. Siriwardena.

Accordingly, the tender was slated to have been awarded to an insurance company which had put forward the lowest bid at Rs 20 million.

However, the Transport Ministry claimed that the SLTB's procurement committee chaired by former President Siriwardena had taken measures to award the bid to another insurance company which had put forward a bid that was higher than the lowest bidder.

The intervention of Transport Minister Arjuna Ranatunga to prevent the deal from taking place had saved the SLTB a sum of Rs 2 million, the Ministry of Transport and Civil Aviation said in a press release.

Mr. Siriwardena had tendered his resignation as SLTB President on February 26.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 494 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 461 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 370 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

May 30, 2025

- 269 - 0

In Pix: Weather situation in Colombo

June 6, 2025

- 209 - 0

SriLankan flight grounded in Indonesia

A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.

June 3, 2025

- 209 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.