Sri Lanka: Call for Probe into Privatization of Lanka India Oil Co
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Monday, 13 October 2008 |
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Vasudeva Nanayakkara, new opposition leader of the Colombo Municipal
Council has urged President Mahinda Rajapaksa to appoint a committee
comprising retired Supreme Court Judges to look into the circumstances
under which 41 State institutions were privatized between 1977 and 2004.
The NDF leader, who is also an Advisor to the President, said that
privatization of these State institutions is questionable and has to be
probed by competent persons as the entire process has been found
lacking in good faith and irregular and dishonest in many aspects.
One of these state privitisations includes the Lanka Indian Oil
Company. He said that as the court procedure is very costly and
time consuming, a Committee comprising retired Supreme Court Judges or
other such eminent persons should be appointed to look into the
privatization issue in detail with expert assistance.
Nanayakkara said the government should invalidate the privatization of
these State institutions and recover the heavy losses incurred as a
result of this ‘irregular and dishonest privatization’.
PetrolWorld 121008
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