May 07, 2018

Biggest money swindling takes place in the electricity sector Featured

The biggest swindling of money is taking place in the electricity sector, according to CaFFE executive director Keerthi Tennakoon.

He told the media recently that as much as Rs. 120 million was swindled from each shipload of coal, while Rs. 14 per unit is defrauded from the electricity supplied.

Alleging the existence of an electricity mafia, Tennakoon said top state officials were not allowing foreign investors who came forward to invest in the electricity sector.

He also charged that the responsible authorities were turning a deaf ear to revelations by civil society organizations about fraud and corruption being committed by top state officials.