Farmers’ Federation reveals another financial fraud by Ranil’s govt.

December 29, 2018 by

The plan to get a long-term loan of Rs. 10.103 billion from Yuhan Company in China, with the mediation of the government, by a spuriously set up ‘Cooperative Society of small and medium rice Mill owners of Sri Lanka’ stating it is for the development of paddy storage and rice production in the country is a large scale financial fraud reveals All Ceylon Farmers’ Federation (ACFF).

This was stated by the National Organization of the Federation Namal Karunaratna speaking at a press conference held in Dambulla today (29th). The Secretary of ACFF T.B. Sarath, the Member of the National Committee of ACFF Sunil Ranaweera, the Secretary of Dambulla United Farmers’ Foundation W.M. Tillekeratna were also present.


Mr Namal Karunaratna revealed that the small and medium rice mill owners in the country formed an association registered under සමු / 60 on 31st July this year to find solutions the mill owners were confronted with during the past. However, with the intervention of subject minister Rishard Badurdeen cabinet approval has been gained to get the loan to an association formed with the mediation of the Minister using six mill owners and stealing the data from the association that was registered earlier.

The process to get the relevant loan with an annual interest of 7.5% and to be settled in 15 years has already begun and the Prime Minister and the cabinet staying mum regarding the issue is a serious matter said the National Organizer of ACFF Namal Karunaratna.

He asked the Prime Minister whether making available a loan to private traders with the mediation of the government a ransom given to the subject minister to settle the political crisis that has sprung up in the government.