A land in extent of two acres, two rood and 11.14 perches in Kolpetty belonging to the Urban Development Authority (UDA) has been leased to a foreign company to build a hotel, on a 99 year lease for a mere Rs. 10,000 per annum.
The said land was leased on July 16,2012 at the time Mahinda Rajapaksa was the Finance Minister.
The taxes of this highly valuable land in the prime Kolpetty area is only Rs. 834 per month.
However, it is also said that at the time such a land could have been leased out in the Kolpetty area for around a million rupees.
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