Rs. 2.9 bn of CEB Welfare Fund missing

9 December 2015 09:43 am - 4 - {{hitsCtrl.values.hits}}

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A complaint would be lodged today with the Criminal Investigations Department (CID) by Ceylon Electricity Board’s (CEB) Chairman to probe into missing Rs.2.9 billion belonging to CEB Welfare Fund that had been invested in Treasury Bonds through a private company in 2009.

The Ministry of Power and Renewable Energy today stated that according to a Central Bank statement issued on December 31, 2014 Rs. 2.9 billion had been unaccounted for.

An investigation carried out by the CEB Internal Audit Branch had revealed that the 2.9 billion had been withdrawn in 2009 by the particular private company and had already been sold out.

“The money belonged to CEB Welfare Fund has been withdrawn even without an approval from the CEB, the investigation had found,” the Ministry said.

Power and Renewable Energy Minister Ranjith Siyambalapitya informed the CEB Chairman to complain with the CID to launch a thorough investigation into the issue. (Piyumi Fonseka)

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Comments - 4

Real Peace Wednesday, 09 December 2015 05:05 PM

Our CIDs are doing a great job but they need modern technology and expertise to deal with these mammoth robberies by the last regime. Appeal for foreign assistance to our CIDs?

Andrew Pitugala Thursday, 10 December 2015 07:34 PM

For the welfare of somebody. Question id who ?

Puravsiya Wednesday, 09 December 2015 04:33 PM

No other country in the world has so much of thieves. Public money has been robbed everywhere.

BuffaloaCitizen Wednesday, 09 December 2015 04:41 PM

Check Deepthi Perera of CIFL fame and also campaign funding for the right royal king.

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Rs. 2.9 bn of CEB Welfare Fund missing

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