Orders made under the Colombo Port City Economic Commission Act No. 11 of 2021 have been approved by the Committee of Public Finance (COPF).
On 24 October, a discussion was held regarding the 10 business companies active in the Colombo Port City. Attention was paid to the risky situations regarding these companies signing contracts. The decision was made following this conversation.
It was disclosed that the companies agreed to contracts prior to, during and after the preparation of the Port City. COPF followed by highlighting that relevant agreements had not been made according to any system with legal basis.
Therefore, it was suggested that the opinion of the Attorney General be sought within four weeks with the Committee’s knowledge.
Subsequently, the COPF Chairman emphasised the importance of checking the constructions carried out by these companies in the area.
It was so revealed that the Port City Commission has given permission for the running of two cryptocurrency exchanges. It was recommended by COPF that the matter be inquired, with the stance of Central Bank of Sri Lanka (CBSL) also obtained.
Attendees of the Committee meeting included: State Minister (Dr.) Suren Raghavan, Members of Parliament Weerakkody, Nimal Lanza, Patali Champika Ranawaka, Duminda Dissanayake, U. K. Sumith Udukumbura.
