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Decision to Transfer Govt. Owned Shares in SLT Correct and Legal, SC Informed

Posted on the 08 May 2023 by Frontpage
Pledge not to sell or transfer shares until June 15 Law & Order Nelka Medegedera Tags:  Print Edition

The Secretary to the Ministry of Finance and the Attorney General (AG) informed the Supreme Court (SC) yesterday (08) that the decision taken by the Cabinet of Ministers to transfer the shares owned by the Government in Sri Lanka Telecom (SLT) was completely correct and legal.

Accordingly, they informed the Court that the process related to the transfer of those shares will continue. 

However, they gave a pledge before the Supreme Court not to sell or transfer those shares until June 15.

Deputy Solicitor General Rajeev Gunathilaka, who appeared on behalf of the Finance Ministry Secretary and the Attorney General, gave this pledge when a fundamental rights petition filed by several trade union leaders against the transfer of shares in Sri Lanka Telecom was called.

Tuesday, May 9, 2023 – 01:00




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