Sugar scam costs Sri Lanka Rs 15.9 billion in tax revenue: Finance Ministry
ECONOMYNEXT – The so called Sugar Scam allegedly carried out by well-connected importers has cost the Sri Lankan state Rs. 15.9 billion in tax revenue, the Ministry of Finance told the Parliamentary Committee on Public Accounts (COPA) in a report today.
Citing the report, the privately owned NewsFirst reported a short while ago that the entirety or at least a portion of the 15.9 billion rupees had benefited a small number of individuals as a result of the scam which occurred in the past few months. (Colombo/Mar9/2021)