Sri Lanka opposition raises queries on payment for state land

Dec 18, 2012 (LBO) – A legislator from Sri Lanka’s main opposition United National Party had queried whether India’s Krrish group had made a payment for the purchase of leased state land on an announced date.Fake Mulberry Bags A number of Sri Lankan and foreign firms which had been given state land were expropriated last year for what the state called underperformance and under-utilization through controversial legislation this year.

Opposition legislator Harsha de Silva had queried if payment had not been made whether it will be expropriated for ‘underperformance’ as had been done with several other companies.

De Silva said in a statement that a government minister had said in parliament that four acres had been leased to India’s Krrish group for 99 years for 450 million US dollars with 49 million US dollars already paid and the balance 90 percent to be settled by December 15.

De Silva said he believed the actual number to be 4.9 million US dollars and the minister may have made a mistake.

De Silva said parliament was informed in response to a query by the opposition leader in November that the agreement was already revised once, where Krrish was supposed to have made a 20 percent down payment and the balan