Lanka Newspapers

Sri Lanka News Updates with Discussions

Lanka Newspaperspunchimahinda's Home PageThis Page




Rs. 53 billion of disbursed tsunami funds missing
Thursday, 27 December 2007 - 2:11 AM SL Time

Rs. 53 billion of disbursed tsunami funds missing ? TISL
by Zacki Jabbar


Over Rs.53 billion of disbursed tsunami donor funds has gone missing,Transperancy International Sri Lanka(TISL) said yesterday.

Implementing agencies were given Rs 122.2 billion but they are unable to account for Rs 53.6 billion of that money, the transparency watchdog said.

`While certain officials are reluctant to divulge information,there were some responsible bodies which implied that the government had utilized the funds for other purposes.`

Donors initially committed Rs 241.5 billion but did not disburse the entire amount since project deadlines were not met,TISL said.`Some of them withdrew from their commitment after paying the first instalment,because they were not satisfied with the progress of certain projects.`

The first year Tsunami Report was issued jointly by the Sri Lankan government and development partners (multi-lateral donors, international financial authorities, bilateral and other donors and civil society).However the second year report appears to be issued under the hand of the Sri Lankan government,TISL observed.

`The Ministries of Finance,Reconstruction, Resettlement and Rehabilitation, Urban Development, Food,Health and Foreign Affairs collaborated with the donors in obtaining funds and their subsequent disbursement.Hence it is the duty of these ministries to declare the current status of financial information to the people.Although there was a supervisory body called `Centre for National Operation` under the President`s scrutiny,its role is unclear.`

The overall picture on finances is ambiguous and left for speculation since there is no audit report after 2005,it added.


Source(s)
web

 Post a reply to this

 E-mail this to a friend




LossDial1
Joined: Jul 2007
Posts: 964
Member Profile
  27 Dec 2007 03:10:57 GMT  Report for Abuse   
Rs. 53 billion of disbursed tsunami funds missing


Well done MR and Bros. Very well done!!
Dian
Joined: May 2005
Posts: 324
Member Profile
  27 Dec 2007 03:11:48 GMT  Report for Abuse   
Hey,Punchi,

Check the Bank accounts of Maha Mahindaya.
Ramz
Joined: Jul 2007
Posts: 675
Member Profile
  27 Dec 2007 09:35:49 GMT  Report for Abuse   
It's an old wel-know story man...

tsunami was a great opportunity for our politicians .... they are living in heaven with tsunami aids, while really affected poor are still living in hell
Page | 1  |
 Post a reply to this      E-mail this to a friend

(C) 2000-2007 www.lankanewspapers.com - Sri Lankan News & Discussions - Contact Us - RSS Feed - News Archives - src - FAQ