MiG airplane purchases to be probed

13 Mar 2015 - {{hitsCtrl.values.hits}}

Financial misappropriations that had allegedly been committed during the purchase of four MiG airplanes from Ukraine in 2006, is being probed by the newly established Police Financial Fraud Investigation Division, Police said.

In a statement today, the Police said a complaint had been lodged, which alleged that a financial misappropriation worth over 14.5 million USD had been committed through this deal. “Therefore, those involved in this deal will be probed,” Police said.

Meanwhile, an investigation is also due to be launched into a financial irregularity that had been committed during the construction of the Kerawalapitiya power plant. According to information received by the Police so far, although the Ceylon Electricity Board was well capable of completing the constructions for a sum of 210 million USD, a total of 332 million USD had been spent on the constructions and Police said investigations were being conducted to ascertain who was responsible for the decision and the execution of the project that cost an additional of 122 million USD.

Breaking News

MiG airplane purchases to be probed

Most Popular Articles

Alleged mastermind behind Rs. 210 Billion illegal Dollar transfer network arrested

Sri Lankan Rupee appreciates further against US Dollar

Mahayaya Vinita Thera no longer a monk, probe underway

Sri Lanka find right combination in WI defeat

India ready for work once Sri Lanka green-lights project

Colombo Bank legal officer arrested for alleged theft

Latest News

France records 1,000 excess deaths during record-breaking heatwave

Health experts reject PM’s claims linking dengue surge to ‘new strain’

National progress requires collective effort and shared commitment: PM

Historic relics display opens for Poson

Reckless drivers to face direct legal action during Poson