Former Chairman of the Ceylon Petroleum Corporation (CPC) Dhammika Ranatunga has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) over allegations of causing a financial loss of around Rs. 800 million to the State.
The Bribery Commission said the arrest is linked to fuel procurement carried out during the 2017/2018 period, during Ranatunga’s tenure as CPC Chairman.
Investigations have found that the alleged loss was incurred due to irregularities in fuel purchasing procedures, according to CIABOC.
Further investigations are ongoing, and the suspect is expected to be produced before the court. (Newswire)