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.

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