(Lanka-e-News -30.Oct.2011, 11.55PM) The Rajapakse regime is making urgent arrangements to pass legislation with a view to ‘pillaging’ at short notice valuable lands and properties like Ceylinco, Hyatt, Taprobane etc.
The Govt. is in the process of getting ready to passing an enactment swiftly which will enable it to take over all private businesses which are supposedly unsuccessful. The draft bill presented by the President has received the approval of the Cabinet. The draft bill was presented to the supreme court for its examination and decision last Tuesday . Under this new piece of legislation, a separate Authority is to be established in regard to private business entities which are running at a loss , and the Govt. is to take them over after paying compensation to them. The authority is also to be vested with the power to choose the other Establishments that are to take over and run them, according to Basil Rajapakse.
The regime’s opponents are of the view that the Govt. which is unable to run its own Institutions at a profit embarking on this venture is aimed at duping the public and a maneuver to ‘pillaging’ valuable lands and properties in Colombo.
The Govt. is in the process of getting ready to passing an enactment swiftly which will enable it to take over all private businesses which are supposedly unsuccessful. The draft bill presented by the President has received the approval of the Cabinet. The draft bill was presented to the supreme court for its examination and decision last Tuesday . Under this new piece of legislation, a separate Authority is to be established in regard to private business entities which are running at a loss , and the Govt. is to take them over after paying compensation to them. The authority is also to be vested with the power to choose the other Establishments that are to take over and run them, according to Basil Rajapakse.
The regime’s opponents are of the view that the Govt. which is unable to run its own Institutions at a profit embarking on this venture is aimed at duping the public and a maneuver to ‘pillaging’ valuable lands and properties in Colombo.
The Rajapakse regime’s immediate and direct targets are the Ceylinco Building and land, and Hyatt land and building in Fort. The Rajapakse regime has the need to purchase the Ceylinco building and land for Rs. 5.57 billion and complete this transaction within the next 18 months. The regime is to use this legislation to pillage the Taprobane Hotel and other five star Hotels too which they are eyeing, the regime’s adversaries say.
The Rajapakse regime has been a total flop itself unable to bail out the massive losses incurring Govt. Institutions like Electricity Board, Mihin Lanka, Sri Lankan Air, Railways, Broadcasting coporation etc. The Govt . had not even been able to make them run without incurring loss let alone making profits . In these circumstances , the Regime seeking to pass legislation to take over private loss incurring Institutions and to convert them into profitable entities , to say the least is most ridiculous and ludicrous. It is therefore a manipulation of the Govt. to commit daylight ‘robbery’ on valuable properties and lands for the most diabolic reasons and motives , the adversaries added.
The Rajapakse regime has been a total flop itself unable to bail out the massive losses incurring Govt. Institutions like Electricity Board, Mihin Lanka, Sri Lankan Air, Railways, Broadcasting coporation etc. The Govt . had not even been able to make them run without incurring loss let alone making profits . In these circumstances , the Regime seeking to pass legislation to take over private loss incurring Institutions and to convert them into profitable entities , to say the least is most ridiculous and ludicrous. It is therefore a manipulation of the Govt. to commit daylight ‘robbery’ on valuable properties and lands for the most diabolic reasons and motives , the adversaries added.
