SLT shares: Govt rejects allegations
KOTTE: Leader of the House, Healthcare and Nutrition Minister
Nimal Siripala de Silva totally rejected the accusation levelled against
the Government with regard to the selling of Sri Lanka Telecom shares
vested within NTT company of Japan to Malaysian based Global Telecom
He also stated that Government will come out with a comprehensive
reply regarding these allegations during the full day debate on the
The Leader of the House agreed with JVP MP Wimal Weerawansa’s request
to have a full day debate. Minister Nimal Siripala de Silva said JVP
Parliamentary Group Leader Wimal Weerawansa can bring the matter before
the commission to Investigate Bribery if he has reliable evidence to
prove someone from the Government engaged in an undue transaction to
give approval to sell the shares to the Malaysian company.
Expressing views Posts and Telecommunications Minister Rauff Hakeem
said no final decision has been taken with regard to the sale of NTT
shares to Global Telecommunications Holdings of Malaysia.
He said the Cabinet has appointed a committee to look into the matter
and they are yet to come out with their observations.
Acting Finance Minister Ranjith Siyambalapitiya, explaining the
situation, during his speech said the NTT company which holds 35.2 per
cent of shares of the Sri Lanka Telecom has proposed to sell 25.3 per
cent shares to Global Telecommunications Holdings with the right to
nominate a director to the SLT Director Board.
He said the Treasury has already informed the NTT; since SLT is a
Government listed company the sale of shares of the SLT should be done
according to the laws stipulated in the Colombo Stock Exchange and the
Securities and Exchange Commission. He said there is no decision to sell
shares held by the Government in Sri Lanka Telecom.