Massive Financial Irregularities Uncovered in Central Cultural Fund Operations

Date:

September 21, Colombo (LNW): Allegations have surfaced surrounding the unauthorised use of more than eight billion rupees from the Central Cultural Fund (CCF), sparking concerns over serious lapses in financial governance within one of Sri Lanka’s key heritage institutions.

A dedicated investigative committee has unearthed substantial evidence indicating that this vast sum of public money was expended without the formal approval of the Fund’s Board of Governors, Deputy Minister of Buddhasasana, Religious and Cultural Affairs Gamagedara Dissanayake revealed.

Speaking on the matter, the Minister expressed deep concern over the findings, noting that the committee’s interim observations already point to extensive mismanagement, potentially spanning several years. The final report, expected shortly, is anticipated to name individuals and outline the specific mechanisms through which the financial misconduct was carried out.

Share post:

spot_imgspot_img

Popular

More like this
Related

Inquiry Launched into Major Fire Incident at Pettah Electronics Store

Inquiry Launched into Major Fire Incident at Pettah Electronics Store

Religious and Aesthetic Education to Remain Integral Under Upcoming School Reforms

Religious and Aesthetic Education to Remain Integral Under Upcoming School Reforms

Sri Lanka Sees Strong Surge in FDI Under NPP Administration

Sri Lanka Sees Strong Surge in FDI Under NPP Administration

President AKD to Present Sri Lanka’s Vision at UN General Assembly in New York

President AKD to Present Sri Lanka’s Vision at UN General Assembly in New York