Trio removed for fuel fraud

19 May 2011 11:52 am - 14 - {{hitsCtrl.values.hits}}

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Three advisors to the Chairman of the Ceylon Petroleum Storage Terminal Limited (CPSTL) were removed today by Petroleum Industries Minister Susil Premajayantha for an alleged fraud of more than Rs.12 million worth of diesel.

The three employees of the senior management of Ceylon Petroleum Storage Terminal Limited (CPSTL) had stolen diesel from a CPSTL terminal in Muthurajawala which has the capacity to hold a diesel supply of 81,000 tons.

CPSTL sources told the Daily Mirror that the theft began in 2005 till December 2006 when the theft was discovered by workers at the Muthurajawala terminal. The fraud was conducted by deleting the invoice numbers of fuel distributions stored in the company’s data system, the CPSTL sources said.

The sources said that the CID began an investigation in 2007 during which year the three offenders were interdicted. However in early 2009 they were not only taken into employment but also given promotions as advisors to the CPSTL during which time CID investigations continued.

Petroleum Industries Minister, Susil Premajayantha had called for the resignation of all three employees after evidence against them was given by CPC and CPSTL audit manager and other employees of both firms recently. The sources said that according to the CID the CPC would have incurred a much larger loss than Rs.12 million although evidence so far had proved a loss of that much so far. (Olindhi Jayasundere)

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Comments - 14

Yehiya-Doha Thursday, 19 May 2011 12:29 PM

This is not a fair trail. Where is the auditors when signing the hedging agreement. Petroleum is an organization in Sri lanka. Innocent workers are face to the subsequence.

gona Thursday, 19 May 2011 12:31 PM

Removing them from the Job will make them pay? no legal actions?

Konde Bendapuchhena Thursday, 19 May 2011 01:03 PM

what kind advice have they been giving,can t imagine

Onlooker Thursday, 19 May 2011 01:51 PM

Why is the Minister still keeping the boss?

Sunil Balapitiya Thursday, 19 May 2011 02:11 PM

What a kind of Advisors we have in Sri Lanka. We can get advise from them "how to cheat the peoples money and still mange to get promotions".

Miliband son Thursday, 19 May 2011 01:59 PM

What kind of government, no legal actions to the culprits? Is that only for SF.

Concerned Thursday, 19 May 2011 02:52 PM

Tell us, where in this country we cannot find frauds?

Sicillian Thursday, 19 May 2011 02:54 PM

Nice advisors and nice ministers. No legal action. What about your advisors. Sometimes they might be the real culprits.

Elaris Thursday, 19 May 2011 04:02 PM

The minister should resign for keeping the rouges as advisors.

sanhinda Thursday, 19 May 2011 05:11 PM

No doubts.. what these people have adviced to our Hon Minister. Good luck sir.. this is Banana republic....

Dakuna Thursday, 19 May 2011 10:20 PM

Anyone surprised? I don't think so! CPC has been struggling with internal politics, corruption etc for decades.

Gamarala Friday, 20 May 2011 03:34 AM

Removed from Advisory posts...??? Good...!!!
Now, appoint them as Advisers to the Ministers...!!! They will fetch record breaking prices if auctioned.

NDA Friday, 20 May 2011 04:42 AM

As consumers, we'll have to bear the loss of Rs. 12 Mn. The guys who did it would just loose their job! Anyway, they probably have earned for a lifetime!

zorro Friday, 20 May 2011 05:51 AM

why only removed and not arrested???

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Trio removed for fuel fraud

Comments - 14

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