Over Rs 10000 billion B-onion scam in Sathosa

2015-12-28

The Presidential Commission of Inquiry to Investigate and Inquire into Serious Acts of Fraud, Corruption and Abuse of Power, State Resources and Privileges (PRECIFAC) has commenced investigations into the massive fraud in the sale of rice, big onions and sprats worth over Rs 10,000 billion by Sathosa.

The fraud is reported to exceed the infamous Value Added Tax fraud.

Secretary of the Commission Lacille De Silva informed that under the pretence of providing big onion farmers with relief, certain retailers and sellers of Bombay onions, based in Pettah, would be sent to the areas where the crops were grown and significant amounts of big onions would be purchased.

These big onions would in turn be bought by Sathosa at Rs 60 a kilo, he added.

Investigations into two other massive frauds have been completed and steps have been taken in this regard to proceed with legal action, he explained.