Posted on 05.31.2021 by Chandana Sirimalwatte in Top News List with 0 Comments
(TopNews) India’s infamous harbour company has managed to acquire 51 per cent of Colombo west terminal container yard in a secret deal, thanks to the ongoing lockdown measures.
The deal has approved by the Cabinet and signed on the 3rd of June. However, the information has not circulated in the weekly Cabinet briefing.
West Container International Pvt Ltd has set up a for the operation. Parties have agreed to fulfil the function within six months. Accordingly, Adani owns 51 % of the company. At the same time, its local agent, John keels, holds 34 % of shares, and Sri Lanka Ports Authority get 15 % of the ownership.
Earlier, Adani tried to acquire most busiest Colombo east container terminal. But turn down the deal amides the resistance of the general public and tread unions. However, this time government managed to seal the deal secretly even without known the press. However, an English daily managed to expose the news last week.
Adani has a terrible track record of money laundering and environmental pollution. The report claimed its mining operation in East Africa accused of planing conspiracies to change the regimes.