Litro Gas Lanka Ltd, in a statement issued to the media said today it had no connection to or knowledge of the alleged transaction that the Chairman of Litro Gas Lanka Ltd., Shalila Moonesinghe has been implicated in.

It said furthermore, that national interest and obligations to the larger Sri Lankan society directs all organizational activities and commitment to transparency and ethical corporate behaviour is of a paramount importance to the organization.

‘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-&-balance system of a corporate entity managed by a professional board-of-management.’

‘From a business perspective Litro Gas Lanka is committed to conducting ethical business operation through serving the Sri Lankan consumers in providing a cost efficient and healthy fuel source whilst delivering excellent value to all our 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 investment required for business expansion, the bulk of the organization’s profits are made available towards nation-building efforts,’ the company said in it’s statement

‘Litro Gas Lanka Ltd., wishes to assure all our 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.’

‘Litro Gas Lanka wishes to assure all stakeholders that national interest and obligations to the larger Sri Lankan society directs all organizational activities. Commitment to transparency and ethical corporate behaviour is of a paramount importance to the organization.’