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Tuesday May 17th, 2022
Political News

Sri Lanka president refuses to accept mass resignation of BOI officials

ECONOMYNEXT – Sri Lanka President Gotabaya Rajapaksa has refused to accept the resignation of top Board of Investment officials, informing in writing that he has confidence in them, sources aware of the matter said.

Board members Harsha Cabraal PC, Sanjay Kulathunga and Harsha Subasinghe as well as Chairman Sanjaya Mohottala along with Director General Pasan Wanigasekara tendered their resignations on Thursday (01).

“The president refused the acceptance of your resignation letter,” a letter to a board member dated December 2 and sent to a resigned board member under the signature of President’s Secretary P B Jayasundera, seen by EconomyNext said.

“His Excellency wishes you to continue your services as a board member of the BOI, as he has highest confidence in you to contribute effectively to promote foreign investment to the best interest of the country and help the post-Covid economic transformation.”

Another resigned member told EconomyNext: “His Excellency has refused to accept all dated resignations.”

The resignations came in the wake of an internal tussle between a trade union and senior management and recent questioning of BOI officials by the parliament’s committee on public enterprises.

Among points of contention had been a newly appointed special unit to fast track foreign direct investments.

A letter with over 800 signatures from union members questioning management action had been sent, sources said.

Questions had also been raised about the investments in zones made in 2017 and 2019 before the current management took office.

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