Financial Times

“Unlawful privatizations in Lanka- Role of the Auditors”

Right of Reply

PricewaterhouseCoopers has sent a letter with reference to last week’’s article with the above title in the Sunday Times FT.

It said the report, mostly a reproduction of a report by the US-based Government Accountability Project (GAP) provides incomplete and misleading information. The letter says the Supreme Court states that on 4th June 2009, it gave its findings with regard to only executive or administrative action that led to the sale of SLIC.

At the subsequent hearings of the Supreme Court of Sri Lanka on 18th and 26th June 2009 in relation to the privatization of SLIC, the Supreme Court has made it clear to the petitioners that the Court had not given any ruling on any allegations against any of the persons or respondents as requested in subsequent applications filed by the petitioners. We wish to draw attention to where it is specifically stated that;

“This Court wishes to place on record, when this Court heard this application and pronounced its judgment, this Court confined its findings only to executive and administrative action….. this Court has not made any other findings against any of the persons or respondents names or mentioned in those two applications.” (Page 12 paragraph 2 of 26 June 2009)

The letter says, “Hence it is clear that the Supreme Court has not made any finding or order against any of the allegations in relation to the professional services provided by PwC to the Government of Sri Lanka. We would refer you to page 4 paragraph 3 of the Supreme Court journal 18th June and page 12 paragraph 2 of June 26 for the facts on this issue.”

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