Commission report: Possibility to acquire ETI properties and institute legal action against the owners (Video)
Posted on October 8th, 2020

Courtesy   Hiru News

The report of the Presidential Commission appointed to look into the irregularities of the ETI institution has been handed over to President Gotabhaya Rajapaksa.

The commission have pointed out in its report that there is a possibility of taking over the properties owned by ETI to the government and to take legal action against the owners.  

According to the report, it has been revealed before the Commission that the transaction of selling the property of E.A.P. Broadcasting including ETI to a foreign company has not been done properly. 

Former Supreme Court Judge K.T. Chithrasiri was the Chairperson of the commission while the other members of the commission, were a senior banker D.M. Gunasekera and former Solicitor General Suhada Gamlath.

The term of office of the Commission which was appointed for a period of three months on January 9 was later extended and accordingly the term of office of the Commission is due to end the day after tomorrow.

ETI Officials affiliated to the institution as well as officials of the Central Bank were summoned before the Commission on several occasions. Evidence was sought as to whether any irregularities had taken place in the institution

According to the revelations of a group of former employees of ETI company as well as the statements of the Central Bank officials, a number of suspicious incidents regarding the ETI deposits were revealed.

The property belonging to ETI has been sold and a number of important details regarding the transaction have been revealed to the Commission and the report submitted by the Commission to the President has included several important revelations in this regard. 

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