At a time when the government is preparing to privatise many state-owned enterprises, the government claims it does not have 10 billion rupees to hold elections; however, it is known that a government-owned financial institution is planning to spend 5 billion rupees to purchase shares in a private company. Opposition leader Mr. Sajith Premadasa said in the Parliament today (7) that there is a doubt that this is another bond scam. Sri Lanka Latest News
The opposition leader said this while raising a question under 27 (2) in Parliament today. Recently, the Colombo Stock Exchange announced that People’s Licensing Company, a subsidiary of the People’s Bank, has expressed its willingness to buy 33 present of the shares of First Capital Holding Company from Janashakti Company for an amount of 5 billion rupees. The opposition leader said that consent to this transaction is already communicated among relevant parties which include the CSE.
Mr. Sajith Premadasa, the leader of the opposition, said that the government, which claims to be restructuring public institutions, raised doubts about the use of people’s money to buy shares of a private institution and questioned the purpose of such an investment. Speaking further, the opposition leader addressed many issues aiming the government.
