The Sunday Leader

BOI Suspends Sashi’s Project License

By Nirmala Kannangara

The Board of Investment (BOI) last week suspended the project operation license of Randunu Fabrics (Pvt) Ltd owned by Shashi Weerawansa wife of UPFA MP, Wimal Weerawansa for violating the BOI agreement conditions.

Chairman, BOI, Attorney-at-law Upul Jayasuriya, told The Sunday Leader that although the investors had violated the agreement conditions from its inception, action had not been taken by the previous managements since 2009.

He added that the matter will be handed over to the Criminal Investigation Department (CID) and Sri Lanka Customs .

The BOI entered into an agreement with Randunu Fabrics of No. 617, Walgama, Malwana, Biyagama on April 23, 2009 to setup a project under the export oriented category to export off cuts purchased from apparel industries but investigations have revealed that although the project has to export all the off cuts they purchase, since July 2007 to March 2015, the difference of the quantity of purchase and export was over 700, 000kg. The investor has also violated the agreement by not operating the project at the approved location but in another location. “It was revealed that although the approved location for the project was at No: 617, Walgama, Malwana the project was operated at No: 519/ 7, Walgama Road, Malwana. By violating the agreement condition further, the investor was operating another business at the BOI approved location which is strictly against the agreement,” reliable BOI sources said on condition of anonymity.

Meanwhile, Sri Lanka Customs too have started an investigation against Randunu Fabrics for not exporting the full quantity of off cuts they have purchased and said to have taken a container of off cuts into their custody.  “If they have not exported the entire quantity they have purchased and have sold to the local market, the investor is bound to pay customs duty which has not happened,” sources from Customs Department said.

9 Comments for “BOI Suspends Sashi’s Project License”

  1. david strange

    these are the so-called socialist politics of this womans husband – justice wll be meted out. the Law of Karma is supreme what goes around will eventuallyt come around.

    • Srilal

      Why are the custom department didn’t investigate this in early stage .BoI and custom are corrupt blame must go to both parties.

  2. Mahen

    These are small fries. Why are they not questioned about the mass of wealth and properties they own, all acquired within a short span in Government?

  3. mario

    No action will be taken, what happen to her passport case and how long has it been? all biting time to be swept under the carpet.
    \

  4. DAGGY

    Upul can you not get them to right the wrongs to enable the business to go on.
    There must be employment involved and other plus factors of the business to the country.
    Your problem is vindictiveness or being unable to think outside the box for the benefit of the Society & the Country.
    In this instant, destroying a business is not the issue but to positively make it happen to generate or maintain employment of the employees.

    Upul, change your mind set to fit the larger picture.

  5. laksiri

    thuis is a joke. if you look all the business under BOI approval thst you will find many voilation and cheating .looking this nature of thinks niothing more than politically motivated . there are mulity billiuon fraud and crime in the country like how EPF/ETF money used to create stock market buble and some big people make billion of money and still do not have any invetigation.

  6. Herby Padmaperuma.

    WIMAL WEERAWANSA,THE MOST VOCIFERATE CRITIC OF PUBLIC OFFENCES,WAS THE BLUE EYED BY OF MAHINDA RAJAPAKSHA, NOIT FOR HIS EDUCATION,OR PUBLIC POPULARITY, BUT BECAUSE WIMAL HAD A GAB,A TALENT TO SPEAK EVEN THOUGH WHAT HE SPOKE MOST WAS SHEER BULL SHIT.THIS IS HOW DOUBLE FACED AND TWIN TONGUED WEERAWANSA FAMILY BEHAVES.OBTAINING REQUIRED TRADE DOCUMENTS BY PRODUCING FALSE INFORMATION TO STATE INSTITUTIONS
    IS AN OFFWNCE YET NOT FULLY CONCLDED. WEERAWANSA IF HE HAS ANY SELF RESPECT YET REMAINING, HE HSOULD FORTHWITH RESIGN .

  7. VIP T.Ruth

    These are obvious excesses committed by the stooges of MR., In fact the biggest “Brown Nosed” guy of Rajapaksa. Another brown nose guy Dhammika Perera has put the official stamp. It is from one “Brown Nosed” to “Another Brown Nosed”. Dhammika Perera is known worshiper of Mahinda Rajapaksa, If what I have read is correct, he has built a MR Shrine room beside inside his office in the World Trade Center. So we are not surprised how former Communication boutique operator the biggest foul mouth of SL Politics (Weera) and his wife got to be billionaires in Sri Lanka.

  8. de silva

    WHY THIS IS WRONG IS THE DUTY IS COLLECTED AND SENT TO TREASURY TO BE SPENT ON THE PEOPLE. NOW THESE SO CALLED SAHODARAYAS WHO WAX ELEOQUANT ON ALL POLITICAL STAGES ABOUT THE WELL BEING OF THE HOI POLLOI, ARE VERY ONES WHO ARE SQUEEZING THEM DRY.

    METE OUT THE MAXIMUM PUNISHMENT TO THESE PEOPLE WHO LIVE ON TAX PAYERS MONEY AND ROB THE MASSES WEALTH, WHILST PRETENDING TO BE THEIR SAVIORS.

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