December 15, Colombo (LNW): Dhammika Ranatunga, the former Chairman of the Ceylon Petroleum Corporation (CEYPETCO), has been taken into custody by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).
He faces allegations of causing financial losses amounting to approximately Rs. 800 million to the state-run corporation by cancelling three long-term fuel supply contracts for 2017–2018 and opting instead for short-term spot tenders, which reportedly involved higher costs.
Ranatunga is set to appear before the Colombo Chief Magistrate’s Court in connection with the case.
