The Committee on Public Enterprises (COPE) instructed Sri Lanka Insurance Corporation to summon Litro Gas Lanka Limited and Litro Gas Terminal Lanka (Pvt) Ltd before the committee and to conduct a government audit. The COPE Chairman stated that Litro Gas Lanka Limited and Litro Gas Terminal Lanka (Pvt) Ltd have gone to court claiming that they cannot be audited by the government, especially under the 20th Amendment to the Constitution. Stressing that Litro Gas Lanka Limited and Litro Gas Terminal Lanka (Pvt) Ltd should be summoned before the COPE, the committee instructed Sri Lanka Insurance Corporation to expedite the summoning. He pointed out that since the Sri Lanka Insurance could not provide an answer on behalf of those institutions without calling them, necessary action should be taken. The officials of Sri Lanka Insurance further stated that although they were responsible for the shares of Litro Limited, they were not responsible for the administration of Litro Limited and would sell the shares if they incurred a loss.

Source: The Nation July 09, 2021 03:33 UTC