header logo
Rhythms of Lanka
Mogo Academy
Latest
Litro Gas incurred Rs 146 mn in losses this year, court told
Dec 11, 201811:00 PM
Litro Gas incurred Rs 146 mn in losses this year, court told
Mobitel Inner

The Permanent High Court Trial-at-Bar today (11) heard the case against former President’s Chief of Staff Gamini Senarath and three others for allegedly misappropriating Rs 500 million in funds belonging to Litro Gas.

 

The case was heard before a Special High Court three-judge bench consisting of Justices Sampath Abeykoon, Sampath Wijeratne and Champa Janaki Rajaratne.

 

Litro Gas Company’s financial controller Muditha Thamanagama, one of the witnesses of the case, gave evidence before the court at today’s hearing.

 

He stated that the company is currently incurring losses although it has recorded profits of Rs 18 billion from 2010 to 2014 during the time period when Gamini Senarath was in office as the Chairman of Litro Gas.

 

Responding to cross-examinations by the defense attorney President’s Counsel Ali Sabry, Mr Thamanagama said that Litro Gas had recorded Rs 18 billion profits from 2010 to 2014.

 

However, from 2014 to 2015, the profits had deceased to Rs 10 billion and it has incurred a loss of Rs 146 million during the past ten months of the year 2018, the witness further stated.

 

During further cross-examinations by the defense attorney, Thamanagama stated that the purchase of gas cylinders worth Rs 4 billion and keeping them in storage is inefficient administration and also claimed that gas cylinders were distributed at political campaigns in the past.

 

Subsequently, further hearing of the case was postponed to tomorrow (12).

 

 

 

MostRead
Mobitel Upahara
VideoStories
TV Derana named ‘Youth TV Channel of the Year’at 7th New Generation "Youth Top40" Awards

TV Derana named ‘Youth TV Channel of the Year’at 7th New Generation "Youth Top40" Awards

Latest S&P assessment reflects Sri Lanka’s rising investor confidence and economic stability

Latest S&P assessment reflects Sri Lanka’s rising investor confidence and economic stability

Buddhists across Sri Lanka observe sacred Esala Full Moon Poya today

Buddhists across Sri Lanka observe sacred Esala Full Moon Poya today

“Govt. seeking a one-party rule” - Sajith also opposes govt. move to extend retirement age of judges

“Govt. seeking a one-party rule” - Sajith also opposes govt. move to extend retirement age of judges

“Modern rulers cannot tolerate the saffron robe ”Maha Sangha calls for protection of Buddhasasana

“Modern rulers cannot tolerate the saffron robe ”Maha Sangha calls for protection of Buddhasasana

Cabinet approves contentious proposal to extend retirement age of all judges

Cabinet approves contentious proposal to extend retirement age of all judges

Government will not expand paddy cultivation - Minister Lalkantha

Government will not expand paddy cultivation - Minister Lalkantha

Sri Lanka on El Niño alert: Rains expected in Oct-Nov, heat waves not expected in Sri Lanka

Sri Lanka on El Niño alert: Rains expected in Oct-Nov, heat waves not expected in Sri Lanka

BASL condemns MP Asitha Niroshana’s allegations as "false and malicious"

BASL condemns MP Asitha Niroshana’s allegations as "false and malicious"

 Sri Lanka’s dengue death toll rises to 61 as cases exceed 80,000

Sri Lanka’s dengue death toll rises to 61 as cases exceed 80,000

No-confidence motion against Justice Minister defeated in Parliament with majority of 116 votes

No-confidence motion against Justice Minister defeated in Parliament with majority of 116 votes

Sri Lanka hit by 10% tariff as US launches fresh  'forced labour' duties on 60 trading partners

Sri Lanka hit by 10% tariff as US launches fresh 'forced labour' duties on 60 trading partners

Dengue cases in Sri Lanka surpasses 80,000as death toll rises to 59

Dengue cases in Sri Lanka surpasses 80,000as death toll rises to 59

‘Colombo Literary Festival 2026’ begins at Arcade Independence Square today

‘Colombo Literary Festival 2026’ begins at Arcade Independence Square today

MP Ajith P. Perera accuses govt of failing to fulfil pre-election promises to the people

MP Ajith P. Perera accuses govt of failing to fulfil pre-election promises to the people

Lassana Flora