Employees of Lake House staged a protest today against the present management over corruption issues.
Lake House sources said the management has failed to clarify the loss of Rs.650 million allocated as financial reserve and Rs.350 million in share market.
Employees charged that the institution has incurred a loss of 170 million in 2010 and already is in debt of Rs.800 million.
"Lake House is incurring a loss of one million per day. Paper sales have dropped drastically. About two million rupees worth paper returned during the first four months this year," employees of Independent Employees Union said.
They said corruption and violence saw an increase since 2007, after Bandula Padmakumara was appointment as chairman.
ST
Lake House sources said the management has failed to clarify the loss of Rs.650 million allocated as financial reserve and Rs.350 million in share market.
Employees charged that the institution has incurred a loss of 170 million in 2010 and already is in debt of Rs.800 million.
"Lake House is incurring a loss of one million per day. Paper sales have dropped drastically. About two million rupees worth paper returned during the first four months this year," employees of Independent Employees Union said.
They said corruption and violence saw an increase since 2007, after Bandula Padmakumara was appointment as chairman.
ST