Colombo (News 1st); The ruling party has called for a forensic audit with respect to the Sugar Scam which cost the state more than Rs. At the time, sugar importers had about 90,000 metric tonnes of sugar, imported after paying an import tax of 50 rupees in storage. During this time period, one specific sugar importer was able to import 100,000 metric tonnes of sugar subject to an import tax of just 25 cents. After reducing the import tax of sugar to 25 cents the government set a maximum retail price of 85 rupees for a kilo of sugar. The stocks of sugar that were purchased from this specific importer was sold to the public at 85 rupees.

Source: The Nation March 10, 2021 14:03 UTC