Fraud & Corruption Exposés

Fraud & Corruption Exposés

  • Corruption Exposés – CASE STUDIES
  • Plantations Privatization
  • Kotagala Plantation Privatization
  • Kelani Valley Plantation Privatization
  • Sri Lanka Telecom Privatization
  • Air Lanka Privatization
  • Duty Free Privatization
  • Puttalam Cement Privatization
  • Steel Corporation Privatization
  • Mattegama Textile Mills Privatization
  • Railway Locomotive Deal
  • Petroleum Retail Sector Privatization
  • Sri Lanka Insurance & Colombo Port Bunkering Privatizations

Corruption Exposés

  • 04.05.1997 – Blunder over Plantations – Privatization of Plantations Read More »
  • 11.05.1997 – Plantations Plundered – Privatization of Plantations Read More »
  • 18.05.1997 – PERC Passing the Buck – Privatization of Plantations Read More »
  • 25.05.1997 – Plantations Pillaged – Privatization of Plantations Read More »
  • 01.06.1997 – Dirt Crops up on Plantations- Privatization of Plantations Read More »
  • 08.06.1997 – Government taken for a Ride ?  – Privatization of Plantations Read More »
  • 15.06.1997 – Free Shares: Misleading Offer – Privatization of Plantations Read More »
  • 06.07.1997 – The Great Sell Out Summary – Privatization of Plantations Read More »
  • 26.04.1998 – Seeking Justice on the Deals – Privatisation transactions by PERC Read More »
  • 03.05.1998 – Double Standards of PERC – Privatisation transactions by PERC Read More »
  • 18.10.1998 – Striking Disparity in Sale Prices – Privatization of Plantations Read More »
  • 25.10.1998 – Breach of Policy Statement ? – Privatization of Plantations Read More »
  • 15.11.1998 – Tough talk on ‘great land robbery’ – Privatization of Plantations Read More »

CASE STUDIES Plantations Privatization

  • 04.05.1997 – Blunder over Plantations – Privatization of Plantations Read More »
  • 11.05.1997 – Plantations Plundered – Privatization of Plantations Read More »
  • 18.05.1997 – PERC Passing the Buck – Privatization of Plantations Read More »
  • 25.05.1997 – Plantations Pillaged – Privatization of Plantations Read More »
  • 01.06.1997 – Dirt Crops up on Plantations- Privatization of Plantations Read More »
  • 08.06.1997 – Government taken for a Ride ?  – Privatization of Plantations Read More »
  • 15.06.1997 – Free Shares: Misleading Offer – Privatization of Plantations Read More »
  • 06.07.1997 – The Great Sell Out Summary – Privatization of Plantations Read More »
  • 26.04.1998 – Seeking Justice on the Deals – Privatisation transactions by PERC Read More »
  • 03.05.1998 – Double Standards of PERC – Privatisation transactions by PERC Read More »
  • 18.10.1998 – Striking Disparity in Sale Prices – Privatization of Plantations Read More »
  • 25.10.1998 – Breach of Policy Statement ? – Privatization of Plantations Read More »
  • 15.11.1998 – Tough talk on ‘great land robbery’ – Privatization of Plantations Read More »

Kotagala Plantation Privatization

  • 15.02.1998 – The Scandal that is Kotagala – Plantation – Kotagala Read More »
  • 22.02.1998 – The PERCky Fait Accompli – Plantation – Kotagala Read More »
  • 01.03.1998 – Was PERC Party to the Deal ? – Plantation – Kotagala Read More » 
  • 08.03.1998 – Blessed by BOI – Plantation – Kotagala Read More »
  • 15.03.1998 – The Kotagala Fiasco – Plantation – Kotagala Read More »
  • 22.03.1998 – Did BOI Relax Rules ?  – Plantation – Kotagala Read More »
  • 29.03.1998 – Series of Dubious Transactions – Plantation – Kotagala Read More »

Kelani Valley Plantation Privatization

  • 04.10.1998 – Share Harvest: Unfair – Privatization of Plantations Read More »
  • 11.10.1998 – Strike Price: Ill Advised ?  – Privatization of Plantations Read More »

Sri Lanka Telecom Privatization

  • 09.11.1997 – Monopoly by Nippon Giant NTT – Sri Lanka Telecom Read More »
  • 16.11.1997 – Buzzby’s Bad News – Sri Lanka Telecom Read More »
  • 23.11.1997 – Telecom Cuts Line on Locals – Sri Lanka Telecom Read More »
  • 30.11.1997 – Who will Watch the Watchful ? – Sri Lanka Telecom Read More »
  • 14.12.1997 – Protected Lines for SL Telecom – Sri Lanka Telecom Read More »
  • 28.06.1998 – Curious Case of Static Cash Flow Projections – Sri Lanka Telecom Read More »
  • 05.07.1998 – Telecom’s “Cardinal Sin” – Sri Lanka Telecom Read More »
  • 12.07.1998 – No Price Cap on SLT Caprice – Sri Lanka Telecom Read More »
  • 19.07.1998 – Fat Management Fees for NTT – Sri Lanka Telecom Read More »

Air Lanka Privatization

  • 05.04.1998 – Air Lanka: Strange flights – Air Lanka deal Read More »
  • 12.04.1998 – The Betrayal of Air Lanka – Air Lanka deal Read More »
  • 19.04.1998 – Hi-Jacking Tender Procedure – Air Lanka deal Read More »
  • 17.05.1998 – “Legally” by Passing Air Lanka Board – Air Lanka deal Read More »
  • 24.05.1998 – Govt denied Power of Veto in …. – Air Lanka deal Read More »
  • 31.05.1998 – Air Lanka: Move Folly – Air Lanka deal Read More »
  • 07.06.1998 – Business Plan to Stifle Growth ?  – Air Lanka deal Read More »
  • 14.06.1998 – How Air Lanka lost the Best Deal – Air Lanka deal Read More »
  • 26.07.1998 – PERC makes no “Impact” with Reply – Air Lanka deal Read More »

Duty Free Privatization

  • 24.08.1997 – Drowning Sorrows Over a Bad Sale – Orient Lanka Read More »
  • 31.08.1997 – Quick Fix: No Time to Orientate – Orient Lanka Read More » 
  • 07.09.1997 – OLL Saga – Enter Rajan Brito  – Orient Lanka Read More »
  • 14.09.1997 – The Brito Deadline on the OLL Deal – Orient Lanka Read More »
  • 21.09.1997 – OLL Deal: Why it should be Revoked – Orient Lanka Read More »
  • 28.09.1997 – Alpha UK – OLL’s Real Buyer ? – Orient Lanka Read More »

Puttalam Cement Privatization

  • 16.03.1997 – Thawakkal Revisited  – Thawakkal Read More »
  • 23.03.1997 – Setting a Risky Precedent – Thawakkal Read More »
  • 30.03.1997 – More Insights on Thawakkal Deal – Thawakkal Read More »
  • 06.12.1998 – Thawakkal Issue Surfaces Again – Thawakkal Read More »
  • 13.12.1998 – PERC’s Transparency put to the test – Thawakkal Read More »

Steel Corporation Privatization

  • 13.04.1997 – Giving away the family silver – Steel Corporation Read More »
  • 20.04.1997 – The great Steel Corp. Ripoff  – Steel Corporation Read More »
  • 27.04.1997 – Vesting orders, privatisation & ripoff  – Steel Corporation Read More »

Mattegama Textile Mills Privatization

  • 27.07.1997 – The Mess Over Mattegama Sale  – Re-sale of 100% shareholding in – Mattegama Textile Mills Read More »
  • 03.08.1997 – The Liability that is the BOI  – Re-sale of 100% Shareholding in – Mattegama Textile Mills Read More »
  • 10.08.1997 – BOI Plunging the Economy Headlong  – Performance of BOI Read More »

Railway Locomotive Deal

  • 07.12.1997 – B.C. and the Wheelbase Bogey – Railway Locomotive Read More »

Petroleum Retail Sector Privatization

  • 13.6.2006 – Liberalisation of the Petroleum Sector with IOC Read More »

Sri Lanka Insurance & Colombo Port Bunkering Privatizations

Reviews by Government Accountability Project, Washington DC, USA
  • Unlawful Privatization in Sri Lanka : The Role of the Auditors Read More »
  • Corrupt Privatization does not deter IFI lending to Sri Lanka Read More »