Sri Lanka sealed the $750,000 Strauss-Kahn deal

Feb 06, 2015 (LBO) – Sri Lanka’s new government has wrapped the deal with former IMF Chief Dominique Strauss-Kahn after paying USD 750,000 for being an advisor to set up International Finance Center to attract foreign investors to the island. Cabinet Spokesman Rajitha Senarathne said the Cabinet had decided to terminate the servicers of Khan whom has given a payment without a Cabinet approval.

Senarathne said that the Central Bank of Sri Lanka had hired LSK and Partners headed by Strauss-Khan without any proper authority or approval.

This placement has taken place without a cabinet approval, Senarathne told reporters yesterday.

"Our government does not feel it necessary to get his services. We can manage on our own."

He said USD 750,000 had been paid to Strauss-Kahn's LSK and partners, through three installments only for the advices but it was not clear what work had been carried out, or implemented.

Pressed by the reporters asking whether Sri Lanka owe any more money to Kahn, the minister said it’s not clear if any more money was owed.

Kahn who is in the age of 65, was accused of for a sexual assault of a hotel maid in New York and now on trial in France accused of pimping.