Litro Gas says no connection or knowledge of Chairman’s involvement in Taiwan bank hack

Wednesday, 11 October 2017 00:00 - - {{hitsCtrl.values.hits}}

Litro Gas Lanka Ltd., in a statement, assured all its stakeholders and the general public that the company had no connection to or knowledge of the alleged transaction that the Chairman of Litro Gas Lanka Ltd., Shalila Moonesinghe, has been implicated in according to recent media reports.

“In our capacity as a state-owned entity, Litro Gas Lanka complies with the stringent regulatory framework expected of a business operation while adhering to a highly structured check-and-balance system of a corporate entity managed by a professional board-of-management,” the company said.

It said from a business perspective, Litro Gas Lanka was committed to conducting an ethical business operation through serving Sri Lankan consumers in providing a cost efficient and healthy fuel source whilst delivering excellent value to all stakeholders.

Litro Gas Lanka is one of the biggest state-owned contributors to the national economy through dividend payments during the past two years. In 2016, Litro Gas Lanka contributed Rs. 8.43 billion to the Treasury. With the exception of the investment required for business expansion, the bulk of the organisation’s profits are made available for nation-building efforts.

“Litro Gas Lanka wishes to assure all stakeholders that national interest and obligations to the larger Sri Lankan society directs all organisational activities. Commitment to transparency and ethical corporate behaviour is of a paramount importance to the organisation,” the company statement added.