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Government%E2%80%99s+allegation+on+misappropriation+is+false+-+says+former+President+Mahinda+in+a+communique
Sunday, 31 May 2015 - 19:14
Government’s allegation on misappropriation is false - says former President Mahinda in a communique
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Releasing a communiqué today, Former President Mahinda Rajapaksa has denied the allegation made by the Prime Minister regarding the misappropriation of Rs. 28 billion of the Highways Ministry.

Former President stated that the allegation says that he has misappropriated a sum of Rs. 28 billion out of Rs. 55 billion, which was obtained from the National Savings Bank for 28 projects, during his tenure as the Highways Minister.

Elaborating the matter further, Prime Minister Ranil Wickremesinghe questioned the UPFA to explain regarding the outcome of the Rs. 28 billion.

He added that due to the misappropriation, now they need to make the payment twice, one is to pay the defrauded money to the savings account holders, while the other is to collect funds for the construction of roads.  

Meanwhile, in his communiqué, former President Mahinda Rajapaksa added that even though it is true that he obtained a loan from the National Savings Bank, the sum of Rs. 28 billion mentioned by the Prime Minister is not included in the relevant long-term loan scheme.

Nevertheless, the short term loan of Rs. 28 billion was utilized to meet the local expenditure of the highways projects funded by foreign companies.

In addition, it says that the COPE committee can conduct an investigation to find out the tasks completed by the RDA under the loan facilities obtained from the National Savings Bank.

Therefore, the Former President states in his communiqué that the allegations made by the government are false.
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