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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.
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Reports said Jayasundera had offered to resign soon after the order was made last week, but the government had not encouraged the move.

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The President, who is also the finance minister, will make his decision known tomorrow, a presidential secretariat official said.
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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.

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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.

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