Sugar tender allegations unfound – Secretary
Posted by Editor on October 12, 2016 - 12:37 pm
Recent allegations on certain sugar and ethanol sales by Lanka Sugar Company are unfound as due procedures have been followed, said the Secretary to the Ministry of Industry and Commerce T.M.K.B. Tennakoon.
The Secretary addressing media yesterday in Colombo added that the tenders were called as per specified procedures and prices were decided transparently.
Weekend Sinhala newspapers had reported a tense situation in the Cabinet Meeting regarding “disposal of sugar and Ethanol (wholesale) at lower than market price”. The institution that came under scrutiny was Lanka Sugar Company, under the Ministry of Industry and Commerce.
(Government News Portal)
Latest Headlines in Sri Lanka
- ADB approves $200 million to modernize Sri Lanka’s power sector November 25, 2024
- Over 120,000 tourists arrive in Sri Lanka in first 20 days of November 2024 November 25, 2024
- IMF backs Sri Lanka’s plan to boost revenue with vehicle imports November 25, 2024
- Bus collision in Watawala injures four amid adverse weather November 25, 2024
- Senior Professor Rathnayake appointed to restore order at University of Ruhuna November 24, 2024
This is sweet (sugar coated) rort.
Whatever procedure (must be a flawed procedure which enriched many Yahapala die-hards) resulted in commodities being sold less than market price!!!
Many ethanol mudalalis created by the previous regime must be laughing at these (corrupt) Yahapalana jokers.