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PB to be further grilled on RADA's missing millions

Rs. 169 million allocated for tsunami housing unexplained:


P B Jayasundara (Business Today)

Former Treasury Secretary P.B.Jayasundara will be summoned again for questioning by the Special Investigation Unit (SIU) of the Police probing millions of missing treasury allocations to a state agency known as the Reconstruction and Development Agency (RADA), to built tsunami houses in LTTE controlled areas during 2006.

A senior investigating official said that Jayasundara was questioned for five hours from 9.00 am to 1.00 pm on Friday (28) and was able to extract a lot of information on the case.

The SIU sleuths are investigating where nearly Rs.169 million, part of the funds allocated for tsunami housing project in LTTE controlled areas have gone and whether it has fallen in LTTE coffers.

Reconstruction and Development Agency (RADA) was the umbrella agency entrusted with tsunami reconstruction work in 2006 and was headed by businessman Tiran Alles. He was questioned earlier in connection with the case and a total of six arrests were made out of which four suspects are still in remand custody.

The case will be heard again on September 9 before the Fort Magistrate.

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