BOI Chairman's resignation rejected by President

COLOMBO (News 1st); Board of Investment (BOI) Chairman Sanjaya Mohottala says that the President had rejected his letter of resignation.

Previously, several prominent members of the Board of Directors of the Board of Investment stepped down from their positions, and informed the President as well.

Issuing a statement, the Chairman stated that the Chairman, members of the Board of Directors and Director General assumed office with the singular intent of supporting the President’s vision to double Sri Lanka’s GDP in this decade, however the efforts of the leadership to achieve this urgently required transformation was strongly and continuously resisted by isolated factions both within and outside the organization, who have put their self-interest over the public, the statement read.