Plumbago Refining Corp B.V, a company registered in Curacao, a Dutch Caribbean territory is the main investor in the project, the BOI said.
The BOI had signed an agreement with Sarcon development chairman Anuka Bandula Anthony Soza who initiated the project with Jim Ratnam, who represented a firm called Assignments (Pvt) Ltd, and Jody Paul Lenihan who represented Plumbago Refining Corp.
The BOI registers foreign invested projects and gives tax breaks.Corrected para 02 - The BOI says Sarcon will pay a royalty of 5 percent to GSMB not 55 percent as earlier said.
