Jan 26, 2019

Liquid fertiliser rotting at Lanka Fertiliser stores Featured

Only 17,200 litres of the 300,000 litres of liquid carbonic fertiliser obtained by Lanka Fertiliser Ltd from a private company under a bank guarantee of Rs. 125 million, has been sold, it is reported.

Due to this, 282,800 litres of liquid fertiliser is rotting in stores.

It is reported that Lanka Fertiliser had singed a three year agreement with the private company disregarding all government procurement procedures.

It is also revealed that the private company involved in this agreement had utilised the bank guarantee issued by Lanka Fertiliser for Rs. 125 million and obtained a bank overdraft.

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