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NLB awards printing tender to DPJ which caused Rs.600mn loss!

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The National Lotteries Board (NLB) has awarded a fresh printing tender to DPJ Holdings, which has been accused of causing a loss of nearly Rs.600 million earlier by not printing Govisetha Lottery for almost two months claiming that there is no paper required for printing.

DPJ Holdings failed to print ‘Govisetha’ from March 14 to May 12 of this year. Govisetha draw number 3001 was issued on March 14 and the next draw number 3002 was issued on May 12.

Accordingly, the NLB has lost approximately 57 rounds of Govisetha. Nearly 600,000 lotteries are printed per each round.

Meanwhile, the Department of Agriculture which receives 14% of the profits from selling Govisetha has also suffered a huge loss due to the lottery not being printed 57 rounds.

It was reported that the loss incurred by the vendors who depended on the sale of Govisetha is close to Rs.100 million.

However, the NLB has awarded a lottery printing tender to the same firm in October despite causing a loss to the DLB itself and the Ministry of Agriculture.

The tender was awarded saying DPJ Holdings had bid 0.05 cents less than the second lowest bidder.

Meanwhile, it is said that former NLB Chairman Lalith Piyum and Sanjeewa Edirisinghe, who works as a NLB Manager, have exerted influence in awarding this tender to DPJ Holdings.

It has now been revealed that DPJ Holdings is related to the Port Chairman previously appointed by former Minister Rohitha Abeygunawardena.

In the future, we will reveal many undisclosed facts regarding a scam of moving the NLB office to a new building and removing lottery draws which were televised on Rupavahini.

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Man arrested over selling overpriced Vadai to tourist

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The Tourist Police in Moragolla has arrested a man over selling an overpriced Vadai and tea to a foreign  tourist in Kalutara.

Footage of the incident had sparked public ire after going viral online.

It has been revealed that the suspect is a 60 year old residing in Kalutara and is usually seen loitering near the eatery.

Police say that investigtations have revealed that he had duped foreigners visiting the eatery many times.

He is to be produced before the Kalutara Magistrate Court tomorrow (April 19).

It is also reported that officials of the Consumer Affairs Authority (CAA) and the Moragolla Tourist police have also arrived at the eatery, and sternly advised the owner after questioning him.

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NPP’s 7-point statement on Easter attacks, presented to the Cardinal

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The National People’s Power (NPP) today (April 18) presented to Archbishop of Colombo – Cardinal Malcolm Ranjith, their 7-point statement pledging to mete out justice to the victims of the Easter Sunday attacks.

The statement included key points such as implementing law against those responsible for the attacks so as to mete out justice to those who lost lives in the attacks and family members of the victims and to take action against those who were directly or indirectly involved in the attacks.

NPP members Professor Krishantha Abeysinghe, Attorney-at-Law Sunil Watagala, President’s Counsel Upul Kumarapperuma, Rohan Fernando and Aruna Shantha Nonis participated in the occasion.

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IMF ready to support Sri Lanka’s discussions with bondholders

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The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday.

“We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatment requirements can be reached soon, ahead of completing the second review under the program,” the spokesperson said.

Sri Lanka said it failed to reach an agreement with bondholders to restructure about $12 billion debt earlier this week, raising concerns there could be a delay in the island nation receiving a third tranche of its $2.9 billion IMF program in June.

The government said one of the main stumbling blocks had been that the “baseline parameters” of the bondholders’ plan had not matched those embedded in its IMF program.

“We encourage both parties to continue their discussions swiftly,” the IMF statement added.

Sri Lanka will consult with the IMF to assess if the latest proposals discussed with bondholders were within the parameters of its bailout program.
The island nation defaulted on its foreign debt in May 2022 and kicked off negotiations with bilateral creditors several months later, eventually securing an agreement in principle with China, India and the Paris Club last November.

Sri Lanka plunged into its worst financial crisis since independence from the British in 1948 after its foreign exchange reserves fell to record lows in early 2022, leaving it unable to pay for essentials including fuel, cooking gas, and medicine.

(Reuters) 

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