Lanka Transformers Ltd (LTL) in a letter to the Business Observer states that the COPE report that the CEB should have received Rs 7.1 billion instead of Rs 6.9 billion as dividends was completely wrong. In the COPE report of 2016 quoted in the article, it is said that “The subsidiary companies (i.e. The COPE report statement that the CEB should have received Rs 7.1 billion instead of Rs 6.9 billion as dividends was completely wrong. We informed about this error in the COPE report to the CEB in 2016. That must have been a CEB matter in the COPE report inadvertently attributed to LTL in your article.

Source: Sunday Observer February 02, 2019 20:05 UTC