Home » Massive Financial Irregularities Uncovered in Central Cultural Fund Operations

Massive Financial Irregularities Uncovered in Central Cultural Fund Operations

written by MIAP Source

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.

The post Massive Financial Irregularities Uncovered in Central Cultural Fund Operations appeared first on LNW Lanka News Web.

What’s your Reaction?
0
0
0
0
0
0
0
written by MIAP Source

Leave a Comment

Save my name, email, and website in this browser for the next time I comment.


To prove you're a person (not a spam script), type the security word shown in the picture.
You can enter the Tamil word or English word but not both
Anti-Spam Image