Sri Lanka task force to recover stolen state assets

COLOMBO (EconomyNext) – Sri Lanka’s President Maithripala Sirisena has appointed a 13-member task force recover stolen state assets.

Sri Lanka is alleged to have had large procurement frauds in relation to Chinese funded infrastructure contracts in particular during the ousted Rajapaksa regime, where a culture of striking deals without competitive tendering was fostered, undermining established procedures.

The practice was then spread to supplier financed projects involving domestic banks and contractors.

Bimba Tillakaratne, H.M.L.T. Mudalige, H. Amarathunga, C.A.H.M. Wijerathna, A.K.D.D. Arandara, L.S. Pathinayake, Dilrukshi Dias Wickramasinghe, Kalyani Dahanayake, Jagath P Wijeweera, D.G.N. Jayawardena, C.A. Premashantha, President’s Counsel Yasantha Kodagoda and senior lawyer J.C. Weliamuna would be in the stolen asset recovery task force.

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