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Leading News from Sri Lanka ::
The Commission was appointed by the President in October 2007 to inquire into alleged fraudulent VAT refunds of the Inland Revenue Department. The other members of the Commission were J. Senaratna and Michael Fernando, Damith Thotawatte, a senior counsel, was assisting the commission.
The VAT branch has allegedly made unlawful refunds to non-existent companies amounting to a fraud of over 2 Billion rupees.
(Pictures by Nalin Hewapathirana)
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Dec 09, Colombo: Chairman of the Presidential Commission of Inquiry, retired High Court Judge, M.P. Paranagama yesterday presented the report on the inquiry into the alleged fraudulent VAT refund to President Mahinda Rajapaksa at the Temple Trees.
