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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Why He Fled Public Service

Why He Fled Public Service

3 posters

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1Why He Fled Public Service Empty Why He Fled Public Service Sun Aug 12, 2012 4:51 pm

K.Haputantri

K.Haputantri
Co-Admin
Why He Fled Public Service
Sunday Leader 12th August 2012

The alleged threat on the life of a public servant who fought corruption led to his resignation, it’s learnt.
This man had allegedly estimated that 70 kilometres of rail track on a line in Jaffna to be developed would cost US$ ($) 500,000 a km. He had accordingly allegedly ordered the required equipment with money passed by the Treasury to get this work done.

But when the ship bringing in the necessary items was sailing to Sri Lanka, he had then allegedly been pressured to accept an Indian line of credit for the same job where the cost was five times that amount, at $ 2.5 million a km., which, however he had refused to approve.Upon his refusal, his life had then allegedly been threatened, forcing him to throw in the towel.

But, according to reports, if the Indian line of credit is expensive, the Chinese line of credit for similar works which are also being executed is much more expensive.

However that may be, it’s alleged that this man is now disillusioned with the current administration with which he had previously reposed confidence on (see also The Sunday Leader business pages of 31.7.11.). Meanwhile an accountant told this reporter that corruption is allegedly rampant in the country. He further said that the kickbacks in Chinese funded projects run to as high as 200-300%.

2Why He Fled Public Service Empty Re: Why He Fled Public Service Sun Aug 12, 2012 5:08 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Am still trying to find the july 31 2011 article.

3Why He Fled Public Service Empty Re: Why He Fled Public Service Sun Aug 12, 2012 5:34 pm

K.Haputantri

K.Haputantri
Co-Admin
Yes their archivis has no articles of 2011.



Last edited by K.Haputantri on Sun Aug 12, 2012 9:31 pm; edited 1 time in total

4Why He Fled Public Service Empty Re: Why He Fled Public Service Sun Aug 12, 2012 6:44 pm

sriranga

sriranga
Co-Admin
@Slstock
Here is the article may be you are looking for.
http://www.thesundayleader.lk/2011/07/31/challenge-foreign-bid-prices/

http://sharemarket-srilanka.blogspot.co.uk/

5Why He Fled Public Service Empty Re: Why He Fled Public Service Mon Aug 13, 2012 1:56 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@sriranga wrote:@Slstock
Here is the article may be you are looking for.
http://www.thesundayleader.lk/2011/07/31/challenge-foreign-bid-prices/

Many thanks Sri. You are the wiki here.

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