Gamage could get back Sevenagala Sugar

13 November 2017 08:01 am - 8 - {{hitsCtrl.values.hits}}

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Finance Minister Mangala Samaraweera had proposed to rescind the Expropriation Act introduced by the previous government to take over some private ventures, including the Sevanagala Sugar Factory that belonged to Minister of Primary Industries Daya Gamage. The then government acquired the properties of 36 companies categorized as underutilized assets in terms of this Act.

Once the Act is annulled, it is learnt that the government intends to give the Sevanagala Sugar Company back to Minister Daya Gamage.

Asked about this proposal to rescind the Act Minister Samaraweera said, "It has to be done".

Asked whether the company would be given back to Mr. Daya Gamage, Mr. Samaraweera replied, "It is the way it should be. Let's see what will happen!

Speaking on the subject Minister Daya Gamage said, “ The Mahinda Rajapaksa government tried to lure me onto his side. After it failed, he (Rajapaksa) tried to destroy my businesses. He introduced this Act to take over the Sewanagala Sugar company. This company was run at a profit. Other enterprises that were taken over were at a loss. The government paid money to them. However, there is a case filed in an international court as well. I will get the compensation whether the Act is abolished or not. He said that assets amounting to millions of rupees had been taken over by force by the previous government including 360 vehicles.”(Ranjan Kasthuri)

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Comments - 8

kaboos Monday, 13 November 2017 10:10 AM

Mr Daya Gamage will get his factory back and handsome compensation.. Up on the deal.

BuffaloaCitizen Monday, 13 November 2017 10:13 AM

No No, all you politicians gain when these change of ownerships happen. It is the only the public money that lose thru these machinations.

Wije Monday, 13 November 2017 10:46 AM

So lalith Kotalawela gets his Hyatt’s hotel !

abey Monday, 13 November 2017 11:48 AM

and hope the GK depositors their money back

Lord Wolfstein Monday, 13 November 2017 11:56 AM

Property is a fundamental right. Whether a company loses or not it must not be expropriated. Likewise, if someone does not cultivate his land, it can not be expropriated. These are democratic rules.

lkboy Monday, 13 November 2017 02:54 PM

He should get it back. Its fair.

ceylon Monday, 13 November 2017 04:38 PM

this is a successfull budinessman.he will make it a very profitable budiness which create profitsefficiancyjobs. via DM Android App

Bala Monday, 13 November 2017 08:25 PM

His success is in deals and exploitation as with 90% successful businessmen.

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Gamage could get back Sevenagala Sugar

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