Written by Lahiru Fernando
06 Feb, 2018 | 9:45 pm
The loss from the 2015 and 2016 bond scam is astronomical in the long term, when the bond mature.
What is at stake? – The future of the Sri Lankan generations to come.
Adding up to that, Sri Lanka’s global reputation has been tarnished.
Looking at all this, those involved int he scam will certainly have to apologize to the nation, and her people.
Recently, Udaya Gammnapila revealed something to the media, which News 1st exposed long time ago.
This revelation is of the hurried nature in constructing the Central Expressway Phase 3.
In the construction process, a loan of $1 Billion (US) was taken at an insurance rate of 10.07% (Rs. 14 Billion). However, according to Udaya Gammanpila, the insurance rate had been between 2 to 5% following the end of the war.
According to recent information, the arrested Arjun Aloysius was the local representative of the Mitsubishi Bank, Japan.
What about all the other banks from which loans were obtained globally?
This is what Udaya Gammanpila had to say;
21 Sep, 2018 | 04:46 AM
17 Sep, 2018 | 08:35 PM
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