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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Rs 6.4 B fraud at RMV

Rs 6.4 B fraud at RMV

4 posters

Go down  Message [Page 1 of 1]

1Rs 6.4 B fraud at RMV Empty Rs 6.4 B fraud at RMV Sat Feb 23, 2013 2:53 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
By Gagani Weerakoon

Minister of Transport, Kumar Welgama, admitted in Parliament yesterday a fraud to the tune of
Rs 6.4 billion had taken place at the Department of Motor Traffic, due to the registering of assembled vehicles.

Welgama said the fraud was highlighted in the 2010 annual report of the Auditor General, and added it had been committed by a group of vehicle importers, who had imported chassis of vehicles citing them as spare parts.

"The parts were assembled here and released to the market under the numbers of vehicles already registered at the Department. The government lost around Rs 6,400 million due to this loss of new registrations," he revealed.

The fraudsters had made use of the special permission granted to import vehicle chassis in the aftermath of the tsunami disaster, the minister said adding the engines and gear boxes too had been imported under the category of spare parts. Around 2,000 vehicles had been released to the market in this manner and of them 1,900 have been assigned registered numbers of old vehicles.

Minister Welgama said not only the officials attached to the Department, but also some in the Import and Export Department and Customs Department are responsible for this. He said he asked the Commissioner of Motor Traffic to send inquiries to the Controller of Import and Export with regard to this issue.

"Under previously used mechanism of motor vehicle registration, the numbers were not issued in batches and the English letters were not there either. A group of officials had got involved in this operation by helping the fraudsters to find old registration numbers," he charged. Minister Welgama said an investigation is in progress and the Criminal Investigation Department and the Fraud Investigation Bureau are also involved in the probe.

The minister said this in response to a question raised by Matara District UNP MP Buddhika Pathirana.
http://ceylontoday.lk/27-25086-news-detail-rs-64-b-fraud-at-rmv.html

2Rs 6.4 B fraud at RMV Empty Re: Rs 6.4 B fraud at RMV Sat Feb 23, 2013 6:26 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
It appears that politicians are not much involved in this case

That is why Hon minister accept there is a fraud


Will see what action will be taken against the culprits

3Rs 6.4 B fraud at RMV Empty Re: Rs 6.4 B fraud at RMV Sat Feb 23, 2013 6:34 pm

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
RMV is one of the most corrupted government institution.It is corrupted from top to bottom.

4Rs 6.4 B fraud at RMV Empty Re: Rs 6.4 B fraud at RMV Sat Feb 23, 2013 6:37 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@D.G.Dayaratne wrote:It appears that politicians are not much involved in this case

That is why Hon minister accept there is a fraud


Will see what action will be taken against the culprits

May be unwanted politicos related to this fraud, present powerfuls are very clever leaking a story when they want to get rid of someone. We called them as scapegoat no?

5Rs 6.4 B fraud at RMV Empty Re: Rs 6.4 B fraud at RMV Sat Feb 23, 2013 6:44 pm

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Redbulls wrote:
@D.G.Dayaratne wrote:It appears that politicians are not much involved in this case

That is why Hon minister accept there is a fraud


Will see what action will be taken against the culprits

May be unwanted politicos related to this fraud, present powerfuls are very clever leaking a story when they want to get rid of someone. We called them as scapegoat no?
Can you name one such POLITICAL Scapegoat ?

6Rs 6.4 B fraud at RMV Empty Re: Rs 6.4 B fraud at RMV Sat Feb 23, 2013 6:52 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@Whitebull wrote:
@Redbulls wrote:
@D.G.Dayaratne wrote:It appears that politicians are not much involved in this case

That is why Hon minister accept there is a fraud


Will see what action will be taken against the culprits

May be unwanted politicos related to this fraud, present powerfuls are very clever leaking a story when they want to get rid of someone. We called them as scapegoat no?
Can you name one such POLITICAL Scapegoat ?

If you follow Srilankan politics this is obvious. From Pradesha Saba to MPs, Chairman of State organizations even Judicial sector. Bitter truth but no one got the guts to talk.

7Rs 6.4 B fraud at RMV Empty Re: Rs 6.4 B fraud at RMV Sat Feb 23, 2013 8:02 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Top guys of the related parties into this massive fraud must be happily & freely living as no action has been taken so far since they are well protected forever. How many frauds revealed by the auditor general in the past & we have not seen any action taken against them. Surprisingly, no organization in this country to educate the public of all kinds of fraudulent activities & realize them that all wealth stolen by a small group belongs to the citizens of this country.

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