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COPF ticks off Finance Ministry, IRD for failure to collect taxes from sugar scammers

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Dr. Harsha de Silva

The Committee on Public Finance (COPF) has expressed strong displeasure at the Ministry of Finance and the Inland Revenue Department’s failure to collect foregone taxes from major corporations implicated in the 2020 sugar scam.

The COPF has instructed the Inland Revenue Department to furnish a report on the sugar scam within a Week. The report should highlight the reasons for delays in taking action against the scammers and the expected recoveries from the 2020 sugar scam The Committee is led by SJB MP Dr. Harsha de Silva.

The COPF chair said the companies involved had been mentioned in a forensic report by the Auditor General.

The Committee has emphasised that the relevant institutions have not implemented any measures to ensure accountability, and that has allowed certain large corporations to unfairly benefit from the reduced tax rate at the expense of consumers.

The Committee has inquired about the extent of tax collection from the implicated companies and directed the Inland Revenue Department to submit a comprehensive report within a week.

The Committee has expressed concern over the proposed reversal of the tax policy, which aims to increase the Special Commodity Levy on sugar from 0.25 cents per kilo back to Rs 50.

The Committee has emphasised the need to hold wrongdoers accountable before imposing additional financial burdens on the public.The Committee had discussions with the officials from the Consumer Affairs Authority (CAA) to address concerns about the maximum retail price (MRP) not being adhered to by distributors. CAA officials revealed that despite conducting 342 raids and imposing fines on micro, small, and medium businesses exceeding the MRP, it was difficult to penalise wholesale distributors due to the absence of a maximum wholesale price in the gazette.

The Committee has directed the CAA to conduct a comprehensive study on the imposition of MRP, considering factors such as the Special Commodity Levy and importer prices. Furthermore, the Committee has requested the CAA to propose a mechanism to address the ongoing issue of wholesale distributors selling above the MRP and engaging in fraudulent activities.



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UPDATE: Flash flood on Nepal-Tibet border kills more than 100, with hundreds of tourists missing

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More than 100 people have been killed in Nepal and Tibet, and hundreds of tourists are missing, after a massive flash flood and mudslide

The missing tourists include more than 100 from India, 54 from the US, and 33 from the UK,  as well as more than 100 from Nepal itself, according to Nepal’s tourist board. The area is popular with pilgrims and trekker.

Dozens of police officers and army prtxonnel  are also missing, as well as power workers. My family was swept away in front of me, one woman tells us – she and her son survived by climbing to a rooftop

In Tibet, Chinese state media report three dead and 265 missing,  CCTV from Tibet shows a wall of water and mud hitting buildings at a border crossing.

Authorities initially thought an earthquake may have triggered a landslide – the US Geological Survey now says the sesimic energy was instead generated by a landslide.

(BBC)

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Advisory for High Waves for the sea areas extending from Colombo to Pottuvil via Galle, Matara and Hambantota

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Advisory for High Waves 
Issued by the Natural Hazards Early Warning Centre Issued at 03.30 p.m. on 26 August 2026 Valid for the period until 03.30 p.m. 27 August 2026

An advisory for high waves has been issued for the sea areas extending from Colombo to Pottuvil via Galle, Matara and Hambantota and naval and fishing communities engaged in activities in the aforementioned sea areas, as well as coastal communities living in the aforementioned nearshore areas, are advised to remain vigilant in this regard

The swell waves (about 2.0 m – 3.0 m) height (This is not for land area) may increase in the sea areas off the coast extending from Colombo to Pottuvil via Galle, Matara and Hambantota.  There is a possibility that near shore sea areas off the coast extending from Beruwala to Matara via Galle, may experience surges due to swell waves.

 

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We must create social awareness to ensure the physical and mental well-being of children with disabilities – PM

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Prime Minister Dr. Harini Amarasuriya stated that, given their particular vulnerability children with disabilities require protection, and stressed the need to foster social awareness to protect them from negative social influences while promoting their physical and mental well-being. She emphasized the need to implement awareness programmes for parents, teachers and other members of society towards this end.

The Prime Minister made these remarks on Tuesday [August 25]  while visiting and observing the National Institute of Special and Inclusive Education – Shishyodaya, located in Veniwelkola.

The purpose of the Prime Minister’s visit was to observe the institutional structure and gain an understanding of the areas that require further development.

The Prime Minister emphasized that a systematic mechanism should be established to transform the institution, which was established in 2019 outside the basic standards and plans for Inclusive Education, into an institution that provides quality education to children and fulfills the targeted objectives of inclusive education. She also proposed appointing a special committee to make the necessary recommendations in this regard.

The Prime Minister further stated that steps would be taken in coordination with the Ministry of Health to address the shortage of therapists and medical professionals required to provide clinical services to students at the institution. She also stressed that the maintenance of equipment and buildings should be carried out properly using the financial allocations provided for such purposes.

The Prime Minister further noted that finding sustainable solutions to the issues faced by the institution is essential, while immediate interventions should be made to address issues that can be resolved without delay. The welfare of the teachers serving at the institution was also discussed during the visit.

Member of Parliament Anura Panagoda, Chairman of the Homagama Pradeshiya Sabha Kasun Rathnayake, Secretary to the Ministry of Education, Higher Education and Vocational Education Nalaka Kaluwewa, ministry officials, parents and students were present.

[Prime Minister’s Media Division]

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