COPE reviews implementation of orders given by the Committee to Sri Lanka Export Credit Insurance Corporation

April, 27, 2023

Professor Ranjith Bandara, Chairman of the committee expressed his displeasure at the fact that despite the repeated insistence of the committee to conduct an independent inquiry into the matters brought for discussion on 07th March 2023, it was found that no progress had been made.

• The Corporation had not appointed an Internal Auditor by 06/04/2023.

• An independent commission had not been appointed to investigate the financial misappropriation and allegations of fraud.

• There was still no Corporate Plan congruent with the mission statement of the institute.

As such, the meeting was prematurely adjourned by the Chair with a strict instruction that by 23/06/23, redress would have to be finalized for all the above matters.

The Chairman further directed the Department of Management Services to help complete the rest of the 56-person cadre that is only currently occupied by 19 personnel.

(Prof.) Ranjith Bandara, M.P., (Chair), Hon. Jagath Pushpakumara, M.P., Hon. Janaka Wakkumbura, M.P., Hon. Anura Priyadharshana Yapa, Attorney at Law, M.P., Hon. Mahindananda Aluthgamage, M.P., Hon. Nimal Lanza, M.P., Hon. Nalin Bandara Jayamajha, M.P., Hon. Chaminda Wijesiri, M.P., Hon. Jagath Kumara Sumithraarachchi, M.P., Hon. (Major) Sudarshana Denipitiya, M.P., Hon. Upul Mahendra Rajapaksha, M.P., Hon. M Rameshwaran, M.P., Hon. (Mrs.) Rajika Wickramasinghe, M.P., Hon. Madhura Withanage, M.P. were present.

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