Trade unions warn 168 State Institutions endangered

By Dayaseeli Liyanage   

 The exclusion of State Institutions from the Auditor General’s scope of duties in the proposed 20th Amendment to the Constitution, will worsen financial situation in 168 state sector institutions and lead to high prevalence of corruption in them.The Trade Unions of the Auditor General’s Department said.   

This will led to the Auditor General not being able to examine and report on the accounts of 20 major state- owned enterprises including Sri Lankan Airlines, Telecom, People’s Bank affiliated Peoples’ Leasing and the Ceylon Electricity Board, it is said.   

There were many state enterprises incurring heavy losses while some of them were said to be earning huge profits of billions of rupees.   “Heads of those institutions are  often relatives and friends of the politicians,” the  unions said.