…Rs 220 mn revenue denied due to fraudBy Saman IndrajithTwo leading palm oil companies had caused a loss of Rs. 6,130 million to the Sri Lanka Customs between 2013 and 2016, the Committee on Public Accounts (COPA) was informed, on Thursday. Attygalle, had already taken measures to investigate and recover the losses incurred by the state, the COPA directed the Sri Lanka Customs also to take immediate action in that regard, and Director General of Sri Lanka Customs Major General Vijitha Ravipriya agreed to do so. 9 million, had been released by the Sri Lanka Customs with a levy of only Rs. 40,761,600, and lack of punitive action against errant officials involved in the act of fraud, were revealed at the Committee meeting.

Source: The Nation December 05, 2020 00:00 UTC