Chicken Case

Oct 05, 2012 (LBO) – Ceylon Grain Elevators, a unit of Singapore’s Prima group with interests in poultry and feed milling said it had settled a customs case dating back to 1998 by paying 115 million rupees. CGE said the matter has been settled with the firm agreeing to pay 115 million rupees to customs “without conceding liability.”

CGE said in a stock exchange filing that Sri Lanka’s customs authorities had imposed a 1.19 billion rupee fine on a alleged violation in 1998 but the firm had challenged it in court.

The state has also initiated action to recover the money in a separate action.