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Sri Lanka Equity Forum » Stock Market Talk » LOTUS TOWER economy

LOTUS TOWER economy

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1LOTUS TOWER    economy Empty LOTUS TOWER economy on Tue Sep 17, 2019 9:55 am

CITIZEN

CITIZEN
Senior Equity Analytic
Senior Equity Analytic
In an unexpected twist, President Maithripala Sirisena speaking at the opening of the Chinese-funded Colombo Lotus Tower just moments ago revealed large scale corruption in the controversial construction project.
Sirisena said that Rs. 2 billion had been paid to a nonexistent Chinse company in 2012 as an advance payment for the tower which, to date, remains unaccounted for.
At 350m in height, the Lotus Tower is considered the tallest tower in South Asia and was built at a cost of USD 104.3 million, about 80% of which was funded by the Government of China.
Taking to Twitter, former Central Bank Deputy Governor W. A. Wijewardena suggested that the project may be a white elephant built at a staggering cost.

2LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Wed Sep 18, 2019 4:41 pm

Teller

Teller
Moderator
Moderator
We can rent it for 99 years.


_________________
Teller said is said..

3LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Wed Sep 18, 2019 11:50 pm

Teller

Teller
Moderator
Moderator
How 12 billion spent for it?
https://youtu.be/m6ZK9qRQano



_________________
Teller said is said..

4LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Thu Sep 19, 2019 2:55 am

CITIZEN

CITIZEN
Senior Equity Analytic
Senior Equity Analytic
@Teller wrote:We can rent it for 99 years.
Lotus Tower is a national asset, what ever corrupt has been done. That is passed. The highest tower in South Asia. Tourist attract, can expect rich people will visit to our country from worldwide.  We can earn foreign exchange. Once we settle the loan for China in 10 years our own national asset.

5LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Thu Sep 19, 2019 8:33 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
President should verify facts before making irresponsible utterances like @thilinaM in this forum.

6LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Thu Sep 19, 2019 9:22 am

ThilinaM

ThilinaM
Manager - Equity Analytics
Manager - Equity Analytics
i only told sathosa mortors had massive fraud. you should worship me when real facts revealed someday. why then sathosa mortors went to dirisawi board?  i'm challenging you and i will bet 1 mn lkr (but 1st of all you have to sign in-front of lawyer) ? im very serious. if i could not give evidence about fraud investigation il give 1 mn. if i gave evidence you have to give 1 mn. what do u say? Very Happy

7LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Thu Sep 19, 2019 9:24 am

ThilinaM

ThilinaM
Manager - Equity Analytics
Manager - Equity Analytics
@ samaritan - Some info leak even people try to hide. never trust annual report. if you did that you will end like enron investors

8LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Thu Sep 19, 2019 12:40 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Any accusation should be substantiated with evidence.

9LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Thu Sep 19, 2019 12:44 pm

ThilinaM

ThilinaM
Manager - Equity Analytics
Manager - Equity Analytics
some things which come from rumers with detail we cant give evidence. but you have to trust the person giving such evidence. my judgement there is 99% possibility what i said is happened.

10LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Thu Sep 19, 2019 12:54 pm

Teller

Teller
Moderator
Moderator
I agree with ThilinaM, Financial Reports can be manipulated well profssional financial Accountantants with or without support external auditors. Remember indias Sathyam computers fraud,. I remember Dialog played one time with Depreciation and hide the profits. So any thing can possible.


_________________
Teller said is said..

11LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Thu Sep 19, 2019 1:04 pm

ThilinaM

ThilinaM
Manager - Equity Analytics
Manager - Equity Analytics
I give you a hint . why after 2018 year interim financial report who signed (name is not there) before that director and finance general manager names available on report. they may not like to take responcibility. all before 2019 interim financials names are there under B/S and P&L. latest financials only mentioned director signed( no name)

12LOTUS TOWER    economy Empty Re: LOTUS TOWER economy on Thu Sep 19, 2019 1:08 pm

ThilinaM

ThilinaM
Manager - Equity Analytics
Manager - Equity Analytics
@samaritan - tell me who signed interim financial of sathosa in 2019 ? Very Happy

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