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Sri Lankan Airlines accused of 'culture of corruption'

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Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics


Sri Lanka's new government has accused the national airline of a "culture of corruption"
The Sri Lankan government has launched a criminal investigation into the country's national airline over allegations of "shocking" corruption.

A statement from the prime minister's office said that an inquiry had unearthed "major security breaches" at Sri Lankan Airlines. The statement alleges irregularities in a $2.3bn purchase of 10 aircraft made under the previous government.

The loss-making airline is 95% state-owned and 5% owned by staff.
It is the latest in a string of corruption allegations made against the administration of former President Mahinda Rajapaksa.

'Serious mishaps'
The statement, issued by the office of Prime Minister Ranil Wickremesinghe, accuses Mr Rajapaksa of making management changes within the airline to allow the $2.3bn-dollar purchase of 10 new aircraft "despite the availability of more cost-effective alternatives".
The former chairman of the airline, Nishantha Wickramasinghe, is also singled out by the statement, accused of a "gross abuse of power".

Mr Wickramasinghe - who is Mr Rajapaksa's brother-in-law - is accused of exposing the airline to "reputational damage" by his "penchant for young air hostesses", as well as falsifying documents to lease a luxury sports car.

The statement also accuses the airline of attempting to "hush-up two serious flying mishaps", although no details are given.

Mr Rajapaksa, in power since 2005, was defeated in an election in January 2015, by Maithripapa Srisena.

http://www.bbc.com/news/world-asia-32181504

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The plain truth about high flyers is that they are on paper only and performance is zero.

Today most who are posted at high stations are people who only want POWER, POSITION and PRESTIGE.

As for finding people working hard for the common man is very few and far in between. 

I would say elect them for a shorter term and give the top people KPI's that are SMART and make them transparent to the public from time to time.

Also have a whistle blowing system in place so that any malfuncting, abuse and corruption can be reported and actioned speedily and independently.

This way even Singapore will emulate SL after some time.

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