A timely check prevented the state-owned Ceylon Petroleum Corporation (CPC) from providing contaminated jet fuel for use at the Bandaranaike International Airport. A stock of 7,500 tons imported from British Petroleum in Singapore was found to be of low quality, Petroleum Industries Minister Susil Premajayantha told the Sunday Times yesterday.

A staggering Rs. 390 million stock market transaction by the state-owned National Savings Bank (NSB) has triggered a major row, forcing both President Mahinda Rajapaksa and the Treasury to intervene. This is while the Securities and Exchange Commission (SEC) has launched its own investigation into some alleged irregularities.