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UNP: Govt. Suspends CATIC Deal

Aug 1, 2011 2:31:03 AM - thesundayleader.lk

The UNP says the government’s decision to suspend the deal with China National Aero Technology Import Export Corporation (CATIC) confirmed there were irregularities in the transaction.

UNP parliamentarian Dr. Harsha de Silva said the opposition’s struggle against the deal have borne fruit.

He said that the President has ordered the sale of land in Galle Face to CATIC be suspended and the terms and conditions reviewed.

Dr. de Silva continuously charged inside and outside parliament that the deal to sell the 10 best acres of land in Colombo to CATIC was not done according to the law.

“It was non-transparent deal and violated multiple procedural responsibilities. We wish to reiterate that the sale cannot go through as the purchaser has already violated the terms and conditions of sale, thus making the sale and purchase agreement invalid,” he said.