Customs Investigation Officials have revealed that Multiform Chemicals (Pvt) Ltd owned by Tilak Karunaratne, Politician and currently the Chairman of Securities and Exchange Commission has been violating the country’s Customs Laws by deliberately continuing to violate the Customs Laws of the country and depriving the Government of the much needed revenue.
Once an aggressive supporter of President Mahinda Rajapaksa, Tilak Karunaratne became a vociferous critic as he was not appointed the organizer for Bandaragama. Although he was the Chairman of SEC then, he resigned saying that he has been intimidated by “the powers that be” to step down. At the time he deviously fabricated a story to the Media saying that it was the “Stock Market Mafia” which influenced President Rajapaksa to remove him.
This shocking revelation clearly exposes Tilak Karunaratne’s company Multiform Chemicals, which has been the agent of a French company called Roquette for 15 yaers, which manufactures plant based raw materials. Multiform has been through years, importing food grade corn starch from the said company and supplying the same to reputed companies like Hemas, Unilever, State Pharmaceuticals etc. as a food and pharmaceutical raw material. However, in paying duty for the importation, Tilak Karunaratne and his company has knowingly and fraudulently continued to declare that he was importing these shipments on the basis of an industrial grade corn starch, which he was supplying to certain textile companies in the country for yarn sizing.
FROM LANKA NEWSWEB ON 18th NOVEMBER 2015