Written by Staff Writer
12 Jul, 2016 | 10:26 pm
The Anti-Corruption Front says that officials who contributed to the massive losses that have been incurred by the state over the controversial coal deal should be held accountable.
Speaking in Colombo on Tuesday, the Front pointed out that the corruption that took place during these coal transactions will be exposed through the audit reports.
In a letter dated March 2, 2016, the Front had requested the Auditor General’s Department to inquire from the Lanka Coal Company as to the reasons for spot purchases of coal from the international market.
In its letter, the Front had inquired as to why 58 U.S. Dollars was spent on a metric ton of coal when the market price at the time was 51 dollars and 29 cents. It was highlighted that six dollars and 71 cents was spent in excess of market prices.
According to audit reports, a loss of Rs.1.803 billion had been incurred through the purchase of 1.92 million metric tons of coal in this manner.
12 Sep, 2021 | 05:04 PM
19 Aug, 2021 | 12:01 PM
Are you interested in advertising on our website or video channel
Please contact us at [email protected]