New queries plague MAS park deal
MAS Holdings has paid Rs. 1.2 billion for the Thulhiriya Fabric
Park which was ceremoniously opened by President Mahinda
Rajapaksa on Friday.
However, the gazette notification stated that the government has
valued the Park including the land and fixed at Rs. 2.3 billion.
However, business entrepreneurs are posing the questions over
the deal on grounds as to how MAS Holdings acquired this area at
nearly half of its value.
They queries whether MAS had signed some sort of an agreement
with the BOI over this deal leading to either the BOI or the
Treasury owning shares of the balance Rs. 1.1 billion or whether
MAS had out rightly acquired the area at a much lesser amount.