Cabinet approves liquidation of Rakna Araksha Lanka Ltd.

7 December 2016 12:31 pm

Cabinet today approved the proposal made by President Maitripala Sirisena to liquidate Rakna Araksha Lanka LTD, following instructions by the Attorney General.

Rakna Araksha Lanka LTD, established as a government affiliated security service, provided security to special institutions such as economic targets, public institutions and private institutions considering the security status of the country at the time.

The Government said that with the present peaceful situation in the country such a firm was unnecessary and that its functions will be assigned to the Civil Security Department and the Sri Lanka Navy.