Shalila Moonesinghe removed as Litro Gas chairman

Shalila Moonesinghe removed as Litro Gas chairman

October 11, 2017   01:28 pm


The Ministry of Public Enterprise Development has directed the Chairman of Sri Lanka Insurance Corporation Limited to remove Mr Shalila Moonesinghe from the post of Chairman of Litro Gas Lanka Limited.

A statement issued by the ministry today said that the Secretary of the Public Enterprise Development Ministry, Mr Ravindra Hewavitharana, has directed Sri Lanka Insurance Corporation chairman Hemaka Amarasuriya to immediately remove Executive Chairman of Litro Gas Mr Moonesinghe, who has been arrested under the Money Laundering Act 

Litro Gas Lanka Limited is a fully-owned subsidiary of Sri Lanka Insurance Corporation (SLIC) which falls under the purview of the Ministry of Public Enterprise Development. 

The SLIC Chairman has also been instructed to appoint an Acting Chairman as soon as possible.  

As the money transaction involves a Bank of Ceylon account, Minister of Public Enterprise Development Kabir Hashim has instructed the Secretary to provide the ministry’s utmost support for all legal affaris pertaining to Litro Gas Lanka Ltd and Bank of Ceylon. 

He has also ordered that a ministry level inquiry be carried out with regard to the allegations.  

The Criminal Investigations Department (CID) arrested Litro Gas chairman N.M.S. Moonesinghe in connection with the transfer of 1.1 million USD from the far Eastern Bank of Taiwan to a Sri Lankan bank account. 

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