Oct 07, 2017

BOI TUs to brief PM on Rs. 143m payment Featured

Trade Unions of the Board of Investment (BOI) have sought an appointment from the Prime Minister to brief him on an attempt to pay Rs. 143 million to a foreigner despite conducting an unsuccessful FDI (Foreign Direct Investment) programme.

The director board of the Board of Investment has received a paper seeking approval to pay Rs. 143 million (399,766 US dollars) to a Harvard professor - Matt Andrews who has conducted a problem-driven iterative adaptation (PDIA) work.

The TUs say that those engaged in the programme were 40 close associates of the BOI Director General.

Reliable sources say that the PM had expressed his disapproval while State minister - Sujeewa Senasinghe too has objected to the payment.

However, it is reported that those who are pushing for the payment are none other than the Chairman and the DG of the BOI.

Sources also say that a minister close to the PM too, is pushing for the payment to be made.

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BOI to pay Rs.143 m for unsuccessful FDI programme