Missing USD 472 million in tsunami funds.
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Author:  Saman [ Sun Dec 27, 2009 12:43 pm ]
Post subject:  Missing USD 472 million in tsunami funds.

No answers on missing $472 million tsunami bucks
Missing USD 472 million in tsunami funds

As the country commemorated the fifth tsunami anniversary yesterday, Transparency International Sri Lanka (TIS) urged the Sri Lankan government to immediately explain the issue of missing USD 472 million in tsunami funds.

TIS were demanding an immediate audit inquiry to be held regarding the utilization of the missing tsunami money.

TIS Deputy Executive Director, Rukshana Nanayakkara speaking to LAKBIMAnEWS said, “From the total of tsunami funds Sri Lanka received, the committed (funds promised by donors) are USD 2,126,771,858, disbursed sums which includes the sums handed over to implementing agencies are USD 1,075,375,348 and the expended amounts spent on various projects are USD 603,443,908. From these amounts we observed that, USD 471, 931,440 had gone missing. So we ask the government what happened to these monies,” Nanayakkara said.

“When TIS inquired from the relevant authorities about these missing amounts, but most officials did not want to answer while they were also reluctant to reveal any information. However there were some responsible bodies that implied that the funds were utilized by the government for other purposes,’’ Nanayakkara said.

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