Colombo (News 1st); There are serious concerns with respect to recent trading at the Colombo Stock Exchange, warned the Frontline Socialist Party on Friday (15).

The Propaganda Secretary of the FSP Pubudu Jagoda speaking to reporters in Colombo said, to promote the listing of local companies with the Colombo Stock Exchange, the government had proposed to provide a 50 percent tax concession, however, recent trading had led to grave suspicions.

“In recent times new companies are listing themselves with the CSE and we wonder if they are doing it for the sole purpose of enjoying this relief and we are also concerned over their capital, as to where it comes from,” alleged Jagoda.

There is a grave concern as to whether this is an attempt to launder money looted from public bodies years ago, said Jagoda adding the Government, Cabinet of Ministers, the Central Bank of Sri Lanka and the Finance Ministry must reveal the truth to the people.

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