Financial Times

Another CPC scam exposed

Hard on the heels of the oil hedging disaster follows another scandalous project where the Ceylon Petroleum Corporation (CPC) entered into a US$1.7 billion refinery expansion with an Iranian company for 50,000 barrels capacity at a cost that is more than twice that of a previous proposal.

CB on alert on Ceylinco Group’s other finance Cos.
The Central Bank (CB) is monitoring other registered financial institutions of the Ceylinco Group after the crisis at the Golden Key (GK) Company, while looking at the possibilities of investigating the company, according to senior Central Bank officials.
Other Financial Times Articles
Another CPC scam exposed
CB on alert on Ceylinco Group’s other finance Cos.
Asoka, Anil to oversee Union Bank affairs
New measures from CB to tackle impending forex crisis
Treasury Secy says followed SC order
Taking CIMA to court
Golden Key: System and investors to blame
Heading off a financial crisis - Comment
Banks in turbulent times - Where are they heading?
Fraud dominates year of mixed fortunes - 2008 Biz Round Up
Microsoft supports education with Innovative Teachers Competition
Gold Medal for ‘Lion’ at World Beer Championship
Ceylinco Finance and Asian Finance merger will help both firms
RPC Group profits up 322 % in 6 months to Sept 2008
Plantations: Facing up to falling prices
Informal sector to grow with recession, increasing income insecurity - ILO
New Year at the Trans Asia ‘Dream Party’
Cinnamon growers turn to ‘God’ to help overcome crisis
Finance companies unlikely to be affected
Famed Sunil Shantha's son setting trends in the US in different sphere



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