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No answers on missing USD472 million tsunami bucks

Sunday, 27 December 2009 - 9:52 AM SL Time

By Jayashika Padmasiri

As the country commemorated the fifth tsunami anniversary yesterday, Transparency International Sri Lanka (TIS) urged the Sri Lankan government to immediately explain the issue of missing USD 472 million in tsunami funds.
TIS were demanding an immediate audit inquiry to be held regarding the utilization of the missing tsunami money.
TIS Deputy Executive Director, Rukshana Nanayakkara speaking to LAKBIMAnEWS said, From the total of tsunami funds Sri Lanka received, the committed (funds promised by donors) are USD 2,126,771,858, disbursed sums which includes the sums handed over to implementing agencies are USD 1,075,375,348 and the expended amounts spent on various projects are USD 603,443,908. From these amounts we observed that, USD 471, 931,440 had gone missing. So we ask the government what happened to these monies, Nanayakkara said.
When TIS inquired from the relevant authorities about these missing amounts, but most officials did not want to answer while they were also reluctant to reveal any information. However there were some responsible bodies that implied that the funds were utilized by the government for other purposes,`` Nanayakkara said.

Source(s)
http://www.lakbimanews.lk/news/laknew3.htm

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BitterTruth
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LK Information  27 Dec 2009 04:11:44 GMT  Report for Abuse  
Sri Lanka tsunami aid misappropriated: watchdog

Sat Dec 26, 11:42 am ET

COLOMBO (AFP) Nearly half a billion dollars in tsunami aid for Sri Lanka is unaccounted for and over 600 million dollars has been spent on projects unrelated to the disaster, an anti-corruption watchdog said Saturday.

Berlin-based Transparency International demanded an audit of the money received by the Sri Lankan government to help victims of the Asian tsunami which hit the island on December 26, 2004, killing 31,000 people.

The group's Sri Lankan chapter said the public have a right to know how the aid money was spent as the tropical nation marked the fifth anniversary of the tsunami.

The group alleged that out of 2.2 billion dollars received for relief, 603.4 million dollars was spent on projects unrelated to the disaster.

Another half a billion dollars was missing, the group said.

'There is no precise evidence to explain the missing sum of 471.9 million dollars,' the Transparency International statement issued in Colombo added.

An 'audit should be done by the government to explain the utilisation of the money received and the challenges faced,' the group said.

An government official declined comment Saturday on the allegations but Colombo has consistently rejected such accusations in the past.

An initial government audit in 2005 found that less than 13 percent of the aid had been spent, but there has been no formal examination since, Transparency International said.
vibhushana
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LK Information  27 Dec 2009 04:28:59 GMT  Report for Abuse  
Another half a billion dollars was missing, the group said.


'Helping Hambanthota' was only Rs. 64 million.

Mr. Jarawa has obviously exceeded even his own expectations with half a billion dollars!
UnitedVRise
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LK Information  27 Dec 2009 04:50:52 GMT  Report for Abuse  
This is good GOSL,
Why only 472 million? You could have shared all among the ministers and your lap dogs. You didn't create that Tsunami, so why do you have to help people.
chan69
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LK Information  27 Dec 2009 05:15:39 GMT  Report for Abuse  
From the total of tsunami funds Sri Lanka received, the COMMITED (funds promised by donors) are USD 2,126,771,858,


The group alleged that out of 2.2 billion dollars RECEIVED for relief, 603.4 million dollars was spent on projects unrelated to the disaster.


WFT .. one place it says commited and other place is says received???
Jolyroger
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LK Information  27 Dec 2009 05:22:05 GMT  Report for Abuse  
TIS Deputy Executive Director, Rukshana Nanayakkara speaking to LAKBIMAnEWS said


MR might unleash 'Vermin' tsunami on Rukshana. :)
Robins
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LK Information  27 Dec 2009 06:08:41 GMT  Report for Abuse  
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