Sri Lanka, Jan. 19 -- Colombo, January 19, 2024 - The Committee on Public Finance, led by Harsha de Silva, expressed deep dissatisfaction with the Ministry of Finance and Inland Revenue Department for their failure to collect foregone taxes from major corporations implicated in the Sugar scam. The dissatisfaction was voiced during a committee session where concerns over the lack of accountability and potential financial burdens on the public were discussed.

The committee highlighted its disappointment with the apparent lack of action despite a significant reduction in the Special Commodity Levy on sugar imports. The Committee stressed that no accountability measures have been implemented, allowing certain large corporations to benefit un...