Financial Times

LMSL - JKH probe by CID continues

The CID, continuing to probe the LMSL transaction on the orders of the Supreme Court, has recorded statements from former Treasury Secretary Dr P.B. Jayasundera and John Keells Holdings (JKH) Chairman Susantha Ratnayake, officials said.

This week former officials of the Sri Lanka Ports Authority – former chairman Dr Parakrama Dissanayake, former Managing Director Mahinda Colonne and former Managing Director (Technical) Prasanna Weerasinghe – were also questioned and statements recorded by the CID, the officials added.

Dr Jayasundera and Mr Ratnayake were implicated in the LMSL privatisation which was overturned by the courts. Last week statements from representatives of Hayleys Group, Master Divers and East West Bunker Services were also recorded.

In the meantime, the Advisory Council of the Ceylon Chamber of Commerce (CCC) is learnt to have advised chamber chairman Jayampathy Bandaranayake to refrain - due to a perceived conflict of interest - from taking part in the inquiry to ascertain whether JKH has violated the CCC’s code of conduct,. At a later meeting of the chamber’s main committee when the JKH issue came up, members sought clarification on the composition of the eminent persons’ panel that is looking into the issue. It was also raised as to whether the JKH chairman should continue as deputy vice chairman of the chamber in view of the court ruling. No decision was taken, sources close to the meeting said.

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