Government Officials Face Surcharges for Fraud and Corruption under New Audit Act Provisions

Date:

The National Audit Office has revealed that government officials involved in fraud and corruption are now subject to surcharges under the provisions of the new Audit Act. These surcharges apply to individuals found guilty of causing financial loss to the government through fraudulent activities, corruption, and discrepancies, contravening existing laws.

The National Audit Office possesses the authority to issue orders to the Chief Accounts Officer for implementing these surcharges. While several government officials who are liable for surcharges have been identified, they have the option to appeal against the surcharge imposition. To address these appeals, an Appeals Committee must be established, but as of now, the Constitutional Council has not appointed such a committee.

The implementation of surcharge orders will be delayed until the Appeals Committee is established and operational.

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka Tourism’s Race against Time to Hit 2025 Goals

Sri Lanka’s tourism industry is celebrating a symbolic milestone,...

Browns Investments PLC Expands Maldives Footprint with $57.5m Deal

Browns Investments PLC, the leisure and investment arm inside...

JVP/NPP Backs Refinery Deal it once blocked: Ranwala Saga Haunts Credibility

Sri Lanka’s Sapugaskanda oil refinery, a project long strangled...

Sri Lanka’s Foreign Investment Target: Ambitions Outpace Reality

As Sri Lanka navigates its post-crisis recovery, foreign direct...