Reply to thread

Message: <blockquote data-quote="monson" data-source="post: 21337152" data-attributes="member: 30005">Krrish deal: Indictments to be filed, but projects go aheadThe Attorney General’s Department is to file indictments next week against a young politician and a businessman over alleged corrupt activity in the envisaged near US$ 400 million Krrish mixed development project in the Transworks Square land in Fort.The move follows investigations concluded by the Financial Crimes Investigation Division (FCID).However, following initiatives by Development Strategies and International Trade Minister Malik Samarawickrema, work on the project has got under way, as our picture reveals today. He has told his ministerial colleagues that the project company has submitted a new proposal redesigning its original one. The company is to carry it out in two phases — the construction of two residential towers and a Commercial Tower. This is in addition to the refurbishment of Transworks House which is a “heritage building.”Minister Samarawickrema claims that the company will spend US$ 191 million and US$ 208 million for the two phases respectively totalling US$ 399 million. The proposal has been approved by the Cabinet of Ministers.The Krrish Group of India signed a Memorandum of Understanding with the Board of Investment (BOI) on July 30, 2012 and the project was given strategic development project status. Thereafter, the Urban Development Authority received Rs. 4355.5 million for the lease of 3.7 acres of land from a total extent of 4.3 acres.- <a href="http://www.sundaytimes.lk/article/1018380/krrish-deal-indictments-to-be-filed-but-projects-go-ahead" target="_blank">http://www.sundaytimes.lk/article/1018380/krrish-deal-indictments-to-be-filed-but-projects-go-ahead</a></blockquote>

Verification: Dawasata paya keeyak thibeda?

Top Bottom