Stunning revelations in COPE report :

Milinda Moragoda's Mercantile Credit owes Central Bank over Rs.4.7 billion
 

In a detailed report presented to Parliament, the Committee on Public Enterprises (COPE) yesterday revealed the financial manipulation and violation of accounting principles by Mercantile Credit Limited and the failure of the Central Bank to control such misdeeds.

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Govt should uphold people's freedom - President
 

President Chandrika Bandaranaike Kumaratunga yesterday stressed that a Government should be based on people's freedom rather than violence and terror. The political violence introduced by the previous UNP regimes and the JVP had claimed more than 33,000 innocent lives in the South and until now no significant contribution has been made by any Government to compensate them, President Kumaratunga said. 

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