Ranil Wickremesinghe’s economic whizz kids have made a significant name for themselves for one matter at least. That is the matter of departing from due process or established procedure.
The latest matter to surface is the attempt to sell on the Grand Oriental Hotel (GOH) in Fort to Singapore’s HPL. HPL is owned and controlled by the Om Ben Sen family listed as one of the more wealthy Singaporean families.
HPL are hotel owners and many of their properties are managed by the high-end Four Seasons brand.
In a cabinet memo a trio of Ministers – Mangala Samaraweera, Malik Samarawickrama and Kabeer Hashim have signed off on a letter addressed to the Cabinet asking the to approve the sale of the GOH to the Singaporean HPL – but erroneously either by design or omissions – under the guise of a G2G transaction.
None of the larger “sell offs” have got a single structure set up to ensure transparency and obtain the best transaction for the country.
These include the sale (or whatever inventive name they come up with) lease rental of Waters Edge, The Colombo Hilton, The Hyatt Project, Sri Lankan Airlines etc.