Sri Lanka’s Board of Investment (BOI) Chairman Lakshman Jayaweera is likely to be removed or asked to resign amidst accusations from workers that he was neglecting his duties and responsibilities, informed sources said. Treasury Secretary Dr P.B. Jayasundera was not satisfied with the performance of the BOI Chief who failed to attract any substantial foreign [...]

The Sundaytimes Sri Lanka

Globe-trotting BOI chairman should be removed, says union

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Sri Lanka’s Board of Investment (BOI) Chairman Lakshman Jayaweera is likely to be removed or asked to resign amidst accusations from workers that he was neglecting his duties and responsibilities, informed sources said.

Treasury Secretary Dr P.B. Jayasundera was not satisfied with the performance of the BOI Chief who failed to attract any substantial foreign investment into the country during his tenure of office, these sources said. Dr. Jayaweera was overseas and could’t be contacted for comment.

President of the BOI branch of the Sri Lanka Freedom Employees’ Union, D.R. Nandasena said the union has written to President Mahinda Rajapaksa urging him to remove the BOI Chairman “as he has neglected his duties and failed during his tenure to attract any foreign direct investments to the country”.

In a letter to the president, the union has informed the President that the decision making and signing of investment agreements are delayed due to the chairman’s overseas tours.

Mr. Nandasena noted that Dr. Jayaweera has made foreign tours every month since his assumption of duties in January 2013 except in July.

Dr. Jayaweera, an Australian based businessman, was appointed by President Mahinda Rajapaksa to help attract FDI’s into the country.

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