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Controversy over Kantale Sugar Chairman: Treasury appointee to be accepted

10 Jun 2020

By Maheesha Mudugamuwa With the confusion arising at the Kantale Sugar Factory as two people claim chairmanship, State Minister for Small and Medium Enterprises Development Susantha Punchinilame yesterday (9) said the Government would accept the Chairman to whom the letter was issued by the Treasury. He told The Morning that the Treasury has 51% of shares of the Kantale Sugar Factory and therefore, the Ministry would accept the final decision of the Treasury. “There was an issue with the ownership of the factory’s 49% of shares, owned by a private company, and two separate court decisions have been given for the cases filed by them over the ownership. We are ready to work with any of the persons claiming chairmanship and what the Government wants is the final decision of the Treasury,” the State Minister said. He also noted that the Ministry is expected to begin operations as soon as the issue is resolved. Following an agreement arrived at by the previous Government with an Indian company to resume operations of the then inactive factory, K.P. Nagaraja was appointed as Chairman of the factory. When news of a new Chairman, Pradeep Gunawardana, being appointed started to spread, a group of employees arrived at the Seenipura Temple, The Morning learnt.


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