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Sunday, 13 March 2011

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COPE spotlights malpractices in some govt ventures

Several malpractices in some government ventures had been revealed by the Committee on Public Enterprises (COPE). COPE chairman and Senior Minister DEW Gunasekera said that some appointments had been made without the approval of the Board of Directors of the Corporations and Treasury.

He said that some heads of corporations never appeared before the COPE although the COPE had conducted inquires at over 20 sittings annually prior to 2009. There had been an instance where a public sector corporation had invested money on Treasury Bills and opened savings accounts in private banks without the approval of the Board of Directors.

The COPE Chairman said that officials of over 100 public enterprises have been interviewed to date, from July last year and an interim report would be submitted to Parliament soon.

He said that a report on all public ventures will be submitted before July this year.

 

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