CID Probes Rs. 2.7 B Export Scam Involving "Lanka Phosphate'

According to reports presented to the Colombo Magistrate’s Court, the company is accused of unlawfully selling 3,000 metric tons of rock phosphate to three private companies for export during the previous government’s tenure. 

The sale was allegedly conducted without following standard procedures or obtaining the required approvals.

The Illegal Assets Investigation Division of the CID initiated the probe after receiving a complaint from a resident of Nittambuwa. The complaint claims that Lanka Phosphate Company violated legal and administrative protocols, resulting in a significant financial setback for the government.

Court sources confirmed that police have submitted detailed documentation regarding the transaction and have received judicial instructions to proceed with the investigation.

Authorities have yet to disclose the names of the involved private companies, but sources indicate that further legal action and arrests could follow as the probe deepens.