Feb 04, 2017

80 b spent by CEB violating financial regulations Featured

The Public Utilities Commission of Sri Lanka (PUCSL) has received many complaints alleging that the Ceylon Electricity Board (CEB) has spent around Rs. 80 billion for the purchase of power from the private sector sans proper audit, in violation of all CEB financial regulations.

This practice is said to have been taking place over many years.

It is reported that huge sums have been paid to these listed private power suppliers not only during the supply of power, but even during periods of non-operation.  

These payments range from Rs. 1.2 billion to 80 billion per power supplier, the complainants said.

The complaints also allege that according to government financial regulations, such payments should be subjected to an audit by the Auditor General’s Department. However, during the entire period these transactions have not been audited, which raises suspicion.

Hence, the complainants urge the government to immediately order a complete audit of the said transactions and if found guilty, bring to book all those responsible for these frauds or corruption.