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Sunday September 19th, 2021
Corruption

Sugar scam costs Sri Lanka Rs 15.9 billion in tax revenue: Finance Ministry

PUBLIC FINANCE: The committee on public finance had previously called for an investigative report from the Treasury on the sugar tax.

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)

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Comments (5)

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  1. Parakrama Jayasinghe says:

    Is there any means of recovering even part of this? or bringing the culprits to justice? If not just reporting these are meaningless

  2. Mrs Samarasekera says:

    Every scam is bigger than the previous. THIS so far the largest. They all get away with no punishment but the ones who reveal the scammers are behind bars. Sri Lankan’s deserve this as still there are those who condone any scam or corrupt acts by Rajapaksas saying they saved the country of LTTE war and have the right to rob limitlessly and greedily while the country is doomed economically. PATHETIC to say the least.

    1. billy says:

      Speculations do not amount to a scam, if that is the case every time the govt have reduced any tax any one that had enough stocks in hand would have made a killing and would have been a fraud….

  3. Conrad Athulathmudali says:

    Good to expose these

    1. S.Sivalingam says:

      I think it’s useless to expose it. Because if the judiciary system found them guilty & punish these culprits, the Presidential commission will order to release them. That’s what happening now.
      We can’t see this in any other countries in the world!

Comments

Comments (5)

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *

  1. Parakrama Jayasinghe says:

    Is there any means of recovering even part of this? or bringing the culprits to justice? If not just reporting these are meaningless

  2. Mrs Samarasekera says:

    Every scam is bigger than the previous. THIS so far the largest. They all get away with no punishment but the ones who reveal the scammers are behind bars. Sri Lankan’s deserve this as still there are those who condone any scam or corrupt acts by Rajapaksas saying they saved the country of LTTE war and have the right to rob limitlessly and greedily while the country is doomed economically. PATHETIC to say the least.

    1. billy says:

      Speculations do not amount to a scam, if that is the case every time the govt have reduced any tax any one that had enough stocks in hand would have made a killing and would have been a fraud….

  3. Conrad Athulathmudali says:

    Good to expose these

    1. S.Sivalingam says:

      I think it’s useless to expose it. Because if the judiciary system found them guilty & punish these culprits, the Presidential commission will order to release them. That’s what happening now.
      We can’t see this in any other countries in the world!