A group of highly placed officials has facilitated a scam that has caused government coffers more than LKR 15.9 billion.
The Beans spilled out at Parliamentary Committee on Public Finance.
Dr. Harsha de Silva quoted the report of the committee said today that the government had lost Rs. 15.9 billion due to sugar scam.
A member of the committee Dr Harsha De Silva said that as the culprits imported large shipments of Sugar knowing the government was going to bring the price of sugar down the treasury had to forego Rs. 15.9 billion of potential income.
Importing large shipments of sugar ahead of reducing the taxes on them is certainly something that is done with insider knowledge, commented a senior administrator who spoke on the condition of anonymity.