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Last Updated : 2024-05-08 21:21:00
On 4 June 2019, Divaina reported President Maithripala Sirisena making the following claim: The Ceylon Electricity Board (CEB) and Ceylon Petroleum Corporation (CPC) incur losses in the tens of millions [of rupees] per day.
The Ministry of Finance Annual Report 2018 (MFAR), and the Central Bank Annual Report 2018 (CBAR) corroborate the claim with the following information:
The findings from the financial reports of 2018 show that the president was correct in his assessment that both the CEB and the CPC incur losses amounting to tens of millions of rupees per day.
Therefore, we classify the president’s claim as TRUE
.
*FactCheck’s verdict is based on the most recent information that is publicly accessible. As with every fact check, if new information becomes available, FactCheck will revisit the assessment.
FactCheck is a platform run by Verité Research.For a more detailed look at this fact check, visit our website at www.factcheck.lk.
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