Saturday, November 5, 2011

Sevanagala Sugar Factory of Sri Lanka under forcible peoplization

A group of persons allegedly the supporters of  Sri Lanka government MP Jagath Pushpakumara have reportedly taken over the Sevanagala Sugar Factory.

Daya Group of Companies that own this factory say that the managers of the factory have been removed from the premises and some employees have been assaulted.

Sevanagala Sugar Factory is an asset slated to be taken over under Revival of Underperforming Enterprises and Underutilised Assets Act which the government plans to table in the parliament next week.

The company says that the group that has taken over the factory have blocked access roads to the factory disrupting the functioning of the factory.

Daya Gamage, a legislator of the opposition United National Party (UNP) is the owner of Sevanagala Sugar Factory. It was purchased by him in 2002 for Rs. 550 million. The company says that it is profiting now.
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