‘Thirteen state institutions not under auditing process’

Irangika Range and Disna Mudalige

International Monetary Cooperation and Finance and Planing Deputy Minister Dr. Sarath Amunugama, yesterday said in Parliament that there are 13 state institutions that do not come under the auditing process of the Auditor Generals Department.

These institutions are Mihin Lanka (Pvt) Ltd., Naval and Aviation Information and Research Pvt Ltd., Polipto Lanka Pvt Ltd., Sri Lanka Thriposha Company, Rakna Securities Pvt Ltd., Lanka Logistics and Technologies, Sri Lanka Savings Bank, Lankaputhra Development Bank, Sri Lanka Insurance Corporation Ltd., State Commercial (Cooperatives and Wholesale) Company, Lanka Sathosa, and Galoya Plantations Company.

These companies come under the inspection and purview of the Public Enterprises Department and the Lanka Insurance Corporation had submitted a sum of Rs 6,720 million to the Treasury as profits in 2011, the minister said.

The minister said so in response to a question raised by UNP Colombo District MP Ravi Karunanayake.