Presidential Commission looks into a fraud of Rs. 14.5 million

Tuesday, 17 May 2016 - 7:04

Presidential+Commission+looks+into+a+fraud+of+Rs.+14.5+million+

The Presidential Commission investigating on serious fraud and corruption is investigating into an incident where Rs. 14.5 million, allocated through a cabinet paper, was spent on constructing a hotel in Hambantota.

The cabinet of the previous government approved that sum of money to construct the Ceylinco group’s Selasthiyan building which was acquired by the government.

Following initial investigations by the commission it was revealed however that the sum of money was utilized to construct a hotel in Hambantota without informing the cabinet.

It was further revealed that funds of Litro Gas, Sri Lanka insurance and EPF were used to construct the building.



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