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COPE learns famous star sapphire cluster worth only USD 10,000

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The value of the star sapphire cluster, dubbed as the world’s largest, has been downgraded from USD 100 Million to USD 10,000, the Committee on Public Enterprises (COPE) was informed on Wednesday (24).

Officials from the National Gem and Jewellery Authority stated that the star sapphire cluster weighing around 510 kilograms was found in Ratnapura in July 2021 and the news was reported on a global level.

Officials had stated that the Chairman of the Authority at the time had initially announced that the star sapphire cluster was worth around USD 200 Million, and downgraded it to USD 100 Million later. However, after being sent overseas for testing it was found that the world’s largest star sapphire cluster was only worth USD 10,000.

During the COPE meeting, many other irregularities at the National Gem and Jewellery Authority were scrutinized.

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Ex-chairman of Lindula-Talawakelle UC, remanded

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Former chairman of the Lindula-Talawakelle Urban Council – Asoka Sepala has been arrested today (June 02).

The Colombo Chief Magistrate has ordered to remand the suspect until June 11.

The former chairman has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) for causing a loss of Rs. 2.38 million to the government, during the issuance of a tender to lease stall belonging to the Urban Council.

It is said that instead of awarding the tender to the highest bidder, it was given to a lower bidder, resulting in the aforementioned loss.

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Halloluwa further remanded

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Former Director of the National Lotteries Board (NLB) – Thusitha Halloluwa, has been further remanded until June 04, by the Fort Chief Magistrate’s Court.

Halloluwa remains in custody over alleged misappropriation of government assets belonging to the NLB.

He was previously arrested and released on bail on May 02 over the alleged misuse of a computer and a mobile phone valued at over Rs. 470,000 during his tenure as the Acting Director of the National Lotteries Board.

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Electricity (Amendment) Bill challenged

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The Electricity (Amendment) Bill, which was recently tabled in Parliament, has been challenged in the Supreme Court.

Accordingly, the Supreme Court today (June 02) ordered that the petition filed by the Ceylon Electricity Board Engineers’ Union requesting a ruling that certain provisions of the Electricity Bill are unconstitutional be taken up for hearing on June 06.

The order was issued when the petition was taken up before a three-member Supreme Court bench comprising Justice A.H.M.D. Nawaz, Arjuna Obeyesekere and Priyantha Fernando.

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