The Hon. Kumara Jayakody
Hon. Kumara Jayakody clarified issues raised on LECO vehicle purchases and the LTL Holdings IPO. He said LECO’s vehicle allocation was reduced from Rs. 622 million to Rs. 466 million for 17 vehicles, but procurement had been initiated by officials without the Chairman’s knowledge and would be cancelled after review. He also stated that LTL Holdings had withdrawn its IPO in writing because it no longer required funds.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Chairman, two brief clarifications on what was said. First, regarding LECO vehicle purchases: the initial budgeted amount was Rs. 622 million; later reduced to Rs. 466 million for 17 vehicles—seven cars and ten double cabs. The Chairman’s old vehicle had frequent breakdowns costing Rs. 2–3 million each time; procurement was initiated by officials during off-hours without the Chairman’s knowledge. We have directed that it be cancelled after due review.
¶ 02 Second, on LTL Holdings’ IPO: the company itself decided to withdraw, informing us in writing that it no longer required funds.
Provenance
- Source
- Hansard, Thursday, 20 November 2025 ·No. 22934 ·English daily/uncorrected Hansard
- Page · column
- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
- Permalink
/lk/speeches/4414
Cite as: The Hon. Kumara Jayakody. 10th Parliament, Parliament of Sri Lanka. Hansard, 20 November 2025. No. 22934. Politick, https://staging.politick.io/lk/speeches/4414