The United National Party today (Nov. 04) condemned the government’s proposed move to expropriate assets of under-performing private companies, claiming that it is an act of ‘political vengeance’.
The government, through this bill, will wrest 20 acres of land within Colombo, MP Dayasiri Jayasekara said.
Speaking during a press briefing today the Parliamentarian claimed that while 36 companies have been identified to be taken over, these include two profitable establishments.
He accused the government of attempting to expropriate these profit making companies, namely Pelwatte and Sevanagala Sugar Industries.
“These two companies have fallen into the grasp of the government,” the UNP Member of Parliament told media.
By not allowing these companies to release their product to the market, the government is attempting to create a shortage of sugar in the country and then import sugar from other countries, he expressed.
Dayasiri Jayasekara further stressed that the government through the Revival of Under-performing Enterprises and Under-utilized Assets Act is plotting an ‘assault’ on Sinhalese businesses.
