Connect with us

News

Dues from companies involved in sugar scam, still not collected!

Published

on

The Committee on Public Finance, led by Dr. Harsha de Silva expressed its’ deep dissatisfaction with the Ministry of Finance and Inland Revenue Department’s failure to collect foregone taxes from major corporations implicated in the Sugar scam, as outlined in the forensic report by the Auditor General.

During the session, the Committee underscored its disappointment with the lack of action taken by relevant authorities despite a 99.5% reduction in the Special Commodity Levy on sugar imports, as stipulated in Gazette 2197/12 dated October 13, 2020. The Committee emphasized that no accountability measures have been implemented, allowing certain large corporations to unfairly benefit from the reduced tax rate at the expense of consumers.

Report within a week

Specifically, the Committee inquired about the extent of tax collection from the implicated companies and directed the Inland Revenue Department to submit a comprehensive report within one week. The Committee aims to gain clarity on the current status of tax collection related to the Sugar scam.

Further addressing the issue, the Committee highlighted its concern over the proposed reversal of the tax policy, which aims to increase the Special Commodity Levy on sugar from LKR 0.25/Kg back to LKR 50/Kg. The Ministry of Finance’s intention to collect LKR 30 billion from the average Sri Lankan while allowing implicated corporations to evade responsibility was strongly criticized. The Committee emphasized the need to hold wrongdoers accountable before imposing additional financial burdens on the general public.

Additionally, the Committee engaged with officials from the Consumer Affairs Authority (CAA) to address concerns about the maximum retail price (MRP) not being adhered to by distributors. CAA officials revealed that despite conducting 342 raids and imposing fines on micro, small, and medium businesses exceeding the MRP, challenges persist in penalizing wholesale distributors due to the absence of a maximum wholesale price in the gazette.

The Committee directed the CAA to conduct a comprehensive study on the imposition of MRP, considering factors such as the Special Commodity Levy and importer prices. Furthermore, the Committee requested the CAA to propose a mechanism to address the ongoing issue of wholesale distributors selling above the MRP and engaging in fraudulent activities.

Additionally, the Committee delved into the implications of the Order under Section 22 of the Foreign Exchange Act No. 12 of 2017. This order outlines provisions designed to regulate the movement of funds and foreign exchange transactions for individuals and companies in Sri Lanka, with the overarching objective of sustaining economic stability and effectively managing foreign exchange reserves.

The migration allowance, as stipulated in the order, remains at 50,000 USD, with a reduced allowance of 20,000 USD for temporary visa holders. Officials from the Central Bank apprised the Committee of amendments to the previous gazette, including provisions allowing Sri Lankan individuals to purchase share options in their own overseas companies. Additionally, individuals are now permitted to withdraw 200,000 USD for investment in listed companies and 100,000 USD for unlisted companies.

While acknowledging these changes, the Chairman of the Committee on Public Finance (COPF) raised concerns about the feasibility of maintaining such a low migration allowance. He questioned the officials on the prevalence of individuals resorting to unofficial channels, such as Hawala and cryptocurrencies, due to these restrictions. Furthermore, the Chairman inquired whether the officials were aware of instances where Sri Lankans were converting their rupees to USDT (cryptocurrency) through various platforms such as Binance, and subsequently transferring funds abroad or investing in cryptocurrencies. Notably, cryptocurrencies were recently recognized as an asset class by the US Securities and Exchange Commission, with the approval of Exchange-traded funds just last week.

In response to the Chairman’s queries, officials present were unaware of such occurrences and committed to conducting a thorough study into the matter. They emphasized that exchanging rupees into dollars outside formal channels is not permitted, and they will investigate the potential misuse of unofficial avenues for currency exchange and investment.

Members of Parliament – Chandima Weerakkody, Madhura Withanage, Duminda Dissanayake, Sumith Udukumbura were present at the committee meeting held.

News

International Day of Yoga 2025 marked in all Ayurveda hospitals in SL (Pics)

Published

on

By

The Department of Ayurveda, under the Ministry of Health of Government of Sri Lanka and the Swami Vivekananda Cultural Centre (SVCC), the cultural arm of the High Commission of India in Colombo jointly organised International Day of Yoga (IDY) celebrations today (June 19) from 8:30 AM to 9:30 AM, across the island. 

In a historic first, this IDY event was simultaneously held in 113 Ayurveda hospitals, including teaching and research institutions across all nine provinces of Sri Lanka along with four universities, which also joined this landmark initiative. In addition to this island-wide observance, the main 11th IDY 2025 event will be held on Saturday, June 21, 2025, at 6:30 AM at Independence Square, Colombo, organised by the High Commission of India in Colombo. Simultaneous celebrations will also take place in Jaffna, Kandy, and Hambantota, led by Indian diplomatic missions in these regions, further amplifying the spirit of yoga across the country.
The Department of Ayurveda under the Ministry of Health of Government of Sri Lanka is a key government institution responsible for the promotion, regulation, and preservation of Ayurveda and traditional indigenous medicine in Sri Lanka. As part of its ongoing commitment to holistic health and well-being, The Department of Ayurveda promotes Yoga as a vital tool in Ayurvedic healthcare delivery, education and research.

This collaborative celebration with SVCC marks the first time that the entire network of Ayurveda institutions in Sri Lanka participated in the International Day of Yoga, in a unified manner. The SVCC extended generous support by providing yoga mats, instructional books, and curated video contents to all participating centres to facilitate the event.

This island-wide event underscored the growing global recognition of Yoga as a powerful tool for physical, mental, and spiritual well-being, while also strengthening the traditional healthcare ties between Sri Lanka and India.

The theme of IDY 2025 “Yoga for One Earth, One Health” reflects the profound connection between individual well-being and the health of our planet. Yoga, as an ancient practice rooted in harmony between mind, body, and nature, promotes a sustainable and balanced lifestyle essential for global health and environmental consciousness. This universal message was powerfully endorsed by the Prime Minister of India Shri Narendra Modi, whose historic proposal at the United Nations General Assembly in 2014 led to the declaration of June 21st as the International Day of Yoga. Since then, Yoga Day has become a global movement, inspiring millions across the world to embrace yoga as a way to cultivate inner peace and collective well-being.

Continue Reading

News

Dates announced for Kandy Esala Perahera

Published

on

By

This year’s Esala Perahera of the Sacred Temple of the Tooth Relic in Kandy is scheduled to commence on July 25, Diyawadana Nilame (Chief Custodian of Sri Dalada Maligawa) Pradeep Nilanga Dela has confirmed.

The annual Kandy Perahera will commence with the ‘Kap planting’ ritual on July 25 at the four main devalayas which will be followed by the five-day process of Ethul Perahera.

Afterwards, this year’s first Kumbal Perahera will take to the streets on July 30.

Diyawadana Nilame Pradeep Nilanga Dela said the Kumbal Perahera will take place until August 03 followed by the first Randoli Perahera on August 04.

The final Randoli Perahera is scheduled to parade the night streets on the Nikini Full Moon Poya Day (August 08).

Continue Reading

News

Toxic water sold as medicine In SL

Published

on

By

It was revealed in court that a batch of Human Immunoglobulin, a therapeutic antibody drug, allegedly imported under the supervision of former Health Minister Keheliya Rambukwella and 12 other accused individuals, contained bacterial-contaminated water harmful to the human body.

This revelation was made by Deputy Solicitor General Lakmini Girihagama, who presented the findings of an international laboratory investigation into the drug’s composition during the court proceedings.

A WHO-accredited German laboratory has confirmed that two controversial drugs—Human Immunoglobulin and Rituximab—previously distributed in Sri Lanka’s public health system, were substandard and dangerous, containing no medicinal properties.

According to Deputy Solicitor General Lakmini Girihagama, who presented the findings to the Maligakanda Magistrate’s Court, the Human Immunoglobulin vials contained bacterial-contaminated water harmful to human health, while the cancer drug Rituximab was found to contain only saline solution, with no active components capable of treating cancer.

“The first suspect, Sudath Janaka Fernando, owner of the pharmaceutical supply company, distributed drugs to Sri Lanka’s hospital system that, according to laboratory analysis, had no medicinal value whatsoever.”

“Specifically, the Human Immunoglobulin drug was found to contain bacterial-contaminated water. Meanwhile, the cancer drug Rituximab lacked the essential protein components required to treat cancer and consisted only of sodium chloride—plain saline solution.”

“Based on a Cabinet paper submitted by the eighth suspect, former Health Minister Keheliya Rambukwella, the Government of Sri Lanka spent Rs. 144.74 million to procure what amounted to toxic bacterial water and ordinary saline, under the guise of medication.”

Magistrate Lochana Abeywickrama questioned whether the raw materials used in manufacturing were imported from India.

Deputy Solicitor General Girihagama confirmed that customs records showed the materials were imported under a classification code typically used for chemical birth control agents, not therapeutic drugs.

“Your Honor, I am about to reveal something that could deeply disturb the conscience of the court. The raw materials imported by the first suspect for pharmaceutical production were classified under customs code 3006.60.00. Investigating officers examined what types of drugs are typically imported under this classification. According to officials from the Department of Customs, this code is designated for chemical birth control substances. Your Honor, it is evident that these suspects have deliberately contributed to a grave and unlawful act.”

Meanwhile, this batch of pharmaceuticals was procured as an emergency purchase, based on Cabinet approval granted through a Cabinet memorandum.

In connection with this, the Criminal Investigation Department recently recorded a statement from former President Ranil Wickremesinghe.

Deputy Solicitor General Lakmini Girihagama informed the court that, according to the former President’s statement, full responsibility for the memorandum lies with the subject Minister.

Additionally, investigators have compiled a report on phone conversations between the first suspect and other individuals involved. This report reveals the nature of their relationship and further clarifies their connection, as presented to the court.

Regarding the transaction involving substandard pharmaceuticals, steps have already been taken to file indictments before the Permanent High Court Trial-at-Bar, the Deputy Solicitor General informed the Magistrate’s Court.

The case is scheduled to be recalled before the Magistrate’s Court on June 16.

(News1st)

(This story, originally published by News1st has not been edited by SLM staff)

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved