Privatisation of Insurance Corp.:

UNP Leader should take responsibility

Chaminda PERERA

Former Prime Minister and UNP Leader Ranil Wickremesinghe should take the responsibility for the privatisation of Sri Lanka Insurance Corporation in 2003 without following a proper procedure, said Media Minister Lakshman Yapa Abeywardena.

The UNP appointed a special committee chaired by then Prime Minister Ranil Wickremesinghe to look into the possibility of privatising the SLIC before it was presented to the Cabinet of Ministers in form of a proposal.

UNP Leader Ranil Wickremesinghe as the Chairman of the committee should be held responsible for the malpractices that have reportedly taken place during this process, the Minister said.

Addressing the weekly press briefing at the Media Ministry, the Minister said Justice and Law Reform Minister Milinda Moragoda was a mere member of that Committee and the Supreme Court in its judgement over the SLIC privatisation has not declared that he should be responsible for this transaction.