Mihin Lanka got Rs 14.5 bn budgetary allocations without legitimacy



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By Shyam Nuwan Ganewatta


Mahin Lanka had been able to obtain Rs.14.5 billion as budgetary allocations from 2007 to 2014 though it was not recorded in the books of Public Enterprise Department (PED), the Presidential Commission probing irregularities at SriLankan airlines, SriLankan Catering and Mihin Air was told yesterday.


Champa Balasooriya, Director, PED revealed that Mihin Lanka had utilised most of the funds to settle the outstanding dues to several service providers such as Ceylon Petroleum Corporation (CPC), SriLankan Airlines, Bank of Ceylon (BoC), Lanka Puthra Development Bank, etc.


Balasooriya said that the airline had paid total dues of Rs.972 million with the penalties to its service providers and Employees Provident Fund (EPF) and Employees Trust Fund (ETF). 


She said that the Lanka Puthra Development Bank was a major shareholder of Mihin but the airline had not sought any approval from the Treasury to issue preferential shares to that institution.


 
 
 
 
 
 
 
 
 
 
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