Ceylon Petroleum Corporation (CPC) officials had undertaken foreign tours with air tickets provided by Citi Bank and Deutsche Bank -- two foreign banks involved in the controversial oil hedging deal-- the report of the powerful Parliamentary Committee on Public Enterprise (COPE) presented in Parliament on Wedneday, 19 August stated. “Upon questioning ... Read More

A recent report released by the Government Accountability Project (GAP), discusses corrupt privatizations in Sri Lanka. GAP, a 30 year-old public interest non-profit group based in Washington D.C  that promotes government and corporate accountability, is the leading whistleblower protection organization in the United States. Download Report

"Fraud and corruption that big corporate companies have resorted to in acquiring State properties and evading taxes and controls have cost the public purse a whopping sum of over 1,000 billion rupees during twenty years from 1985 to 2005, General Secretary of the Democratic Left Front, Presidential Advisor and eminent ... Read More