Sri Lanka Treasury Secretary tenders resignation

July 28, 2008 (LBO) – Sri Lanka’s Treasury Secretary P B Jayasundera has submitted his resignation to President Mahinda Rajapakse following a court order that faulted him over a privatization deal and a tax holiday, an official said. Reports said Jayasundera had offered to resign soon after the order was made last week, but the government had not encouraged the move. The President, who is also the finance minister, will make his decision known tomorrow, a presidential secretariat official said.

Jayasundera is secretary to the ministry of finance and is also a member of the rate setting monetary board of Sri Lanka’s central bank.

An official said Jayasundera had asked to be ‘relieved of his duties.’

Earlier in the day Jayasundera made a 500,000 rupee payment to the state set by Supreme Court as part of a ruling on the sale of Lanka Marine Services, a bunkering unit of the Ceylon Petroleum Corporation, to John Keells Holdings.