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Sat, 28 March 2015 05:49:53
Sri Lanka proceeds with expropriations
24 Nov, 2011 12:12:53
Nov 24, 2011 (LBO) - Sri Lanka has appointed competent authorities, a ministerial committee and a three member compensation committee to deal with 37 expropriated assets and enterprises.
Cabinet spokesman minister Keheliya Rambukwelle said the competent authorities are immediately effective.

Kalinga Indatissa, an attorney, has been appointed competent authority for Lanka Tractors (properties in Pettah and Narahenpita), Chalmers Granaries (in Pettah), Ceylinco Leisure Properties Ltd (Kollupitiya) and Intertrade Lanka (Pvt) Ltd (in Fort).

Senaka Walgampaya, a lawyer has been appointed for Hotel Developers Lanka.

District secretary, Hambantota has been appointed competent authority for Pelwatte Sugar, the district secretary, Moneragala for Sevenagala Sugar and the district secretary, Badulla, for property of Colombo Commercial Company in Badulla.

Tuly Cooray has been appointed for other expropriated assets, which are closed board of investment approved factories.

A tribunal of three persons chaired by the chief government valuer has been appointed to pay of compensation to the expropriated property.

A ministerial committee chaired by environment minister Anura Yapa has also been appointed, minister Rambukwelle said.

It is made up of foreign employment minister Dilan Perera, minor export crop promotion minister Reginald Cooray, productivity promotion minister Lakshman Seneviratne, deputy finance minister Geethanjana Gunawardena.

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3. jamXboree Nov 24
I'd watch whats happening at Pelwatte Sugar closely. Lets see what they make of a monumental cock-up. It seems to be a given that this Government has to resort to back and forth in whatever it does.
2. Podda Nov 24
Shouldn't it be in-competent authorities? the past track records show clear evidence that the government entities are incapable of turning around the entities which make losses.
1. anon Nov 24
Competent authorities..ROFL..since when did we have those? :P