Duminda Ariyasinghe is likely to be appointed Board of Investment (BOI) Chairman replacing Upul Jayasuriya who resigned last week, government sources said.

On July 13, Upul Jayasuriya resigned as Chairman of the BOI, citing personal reasons.

His resignation however is linked to an expose conducted by a daily newspaper highlighting irregularities with a USD 2 billion dollar deal. 

Duminda Ariyasinghe served previously as Director General of the BOI.

Reports also indicate the BOI Director Board will be reconstituted.