09 December 2016

News Story: Sri Lanka starts fresh probe into $700 mn China deal

Sri Lanka's government Wednesday launched an investigation into a $700 million river diversion deal that had been finalised with a Chinese company weeks before the fall of the previous regime.

The cabinet set up a panel to probe the contract awarded to China CAMC Engineering on the eve of Mahinda Rajapakse's defeat in the January 2015 presidential election, government spokesman Rajitha Senaratne said.

"Over four billion rupees ($30 million) had been paid just the day before the elections," Senaratne told reporters.

Read the full story at SpaceDaily