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National+economic+council+concerns%2C+disregarding+local+companies+in+ETI+transaction
Wednesday, 27 February 2019 - 7:22
National economic council concerns, disregarding local companies in ETI transaction
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The National Economic Council has drawn its attention for not working with the local bidders in proper transparency in executing the ETI transaction.

Three investors including two local companies consented to buy ETI property but it is questionable whether proper bargaining was made with the two local companies in order to pay back the maximum amount of money to the depositors.

The council paid attention to whether equal opportunities were given to all three companies to make biddings in the transaction.

The National Economic Council was chaired by President Maithripala Sirisena today.

Several ministers, the Secretary of the Finance Ministry and the Central Bank Governor were present in the council meeting.

Addressing the council, president Sirisena said that immediate relief should be made to the affected ETI depositors.

Accordingly, the National Economic Council made its recommendations with regard to the sale of ETI property.
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