Sri Lanka ex-road agency chief grilled over Rs28bn deal
ECONOMYNEXT – Sri Lanka’s financial crimes sleuths have questioned a former boss of Sri Lanka’s state road development agency over an alleged fraud in a 28 billion rupee deal, police said.
R W R Pemasiri, former Chairman of Road Development Authority had been questioned over irregularities involving a 28 billion rupee loan from state-run National Savings Bank.
The RDA was an agency directly under ex-President Mahinda Rajapaksa.
Sri Lanka’s new regime had alleged that hundreds of millions of dollars had been mis-appropriated in kick-backs and inflated pricing of negotiated deals in road-building.