Competent authority chastises Sevanagala Sugar management

Thursday, 31 May 2012

Competent authority for Sevanagala Sugar Factory Keerthi Kotagama has chastised its management for the mass wastage of funds allocated by the General Treasury for the running of the factory that was taken over by the state under the expropriation act.

Public funds have been channeled for the running of the factory since the takeover from Daya Group of Companies, but it had failed to show anything in return, he has stressed, according to highly placed sources at the factory.

Instead, the management is on a spending spree, giving various payments to the workers to appease them, recruiting political cronies etc, the competent authority has noted.