go to LankaPage.com

Sri Lanka::
* Second COPE report reveals that Sri Lanka lost Rs. 600 million
Friday, August 24, 2007, 17:35 GMT, ColomboPage News Desk, Sri Lanka.

Aug 24, Colombo: In a shocking discloser, the second report of parliamentary Committee on Public Enterprises (COPE) today revealed that the country had lost 600 million rupees due to financial malpractices in another 20 state institutions.

COPE Chairman and government MP Wijeyadasa Rajapaksa told parliament today these are blatant waste of public funds.

Among some of the institutions that financial malpractices took places are Foreign Employment Bureau, Sri Lanka Cashew Corporation, National Housing Development Authority, National Gem and Jewellery Authority, Exports Development Board and the Building Material Corporation, National Transport Commission, Associated Newspapers of Ceylon Ltd., Sri Lanka Rupavahini Corporation, Sri Lanka Broadcasting Corporation, the Consumer Affairs Authority and the Mahapola Higher Education Trust Fund.

An earlier COPE report revealed loss of Rs. 1.5 billion due to corruption that took place in 26 government enterprises.

Sri Lankan Daily News and Reports
Copyright 2000, 2007 by LankaPage.com (LLC):
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.