The government’s total disregard for judicial orders had resulted in the country suffering a US$ 164 million loss in the ill conceived Oil Hedging Deal, the UNP said yesterday.
The Supreme Court acting on petitions by civil society,the clergy and UNP, had directed the Rajapaksa Cabinet not to proceed with the Oil Hedging Agreement and also to reduce the price of a liter of petrol to Rs.100 which was feasible at that time. But, the orders were rejected with sheer contempt and today the government which was already mired in debt had to cough out more, General Secretary of the UNP Tissa Attanayake MP, told a news conference in Colombo.
He said that all those responsible for finalising the deal should be held accountable without passing the buck onto the public once again by further increasing taxes and prices of essential goods and services.
The problem with the Rajapaksa regime the MP noted was that that there was no one to be held responsible for the repeated economic bungling.
Even in the recent case of sub standard petrol being imported by the Ceylon Petroleum Corporation(CPC), the affected public were sent from pillar to post with no one willing to take the blame. The Minister found fault with officials and vice versa, Attanayake observed.
A London Court earlier this week ordered the CPC to pay over US$164 million plus interest to Standard Chartered Bank, which had guaranteed the Oil Hedging Agreement.