{"id":51555,"date":"2017-02-21T23:01:13","date_gmt":"2017-02-22T04:01:13","guid":{"rendered":"http:\/\/dbsjeyaraj.com\/dbsj\/?p=51555"},"modified":"2017-02-21T23:07:43","modified_gmt":"2017-02-22T04:07:43","slug":"kabir-hashim-challenges-ravi-karunanayakes-arbitrary-decision-to-pay-us-154-million-as-compensation-for-cancelling-aircraft-purchasing-deal","status":"publish","type":"post","link":"https:\/\/dbsjeyaraj.com\/dbsj\/?p=51555","title":{"rendered":"Kabir Hashim Challenges Ravi Karunanayake&#8217;s Arbitrary Decision to Pay US $ 154 Million As Compensation For Cancelling Aircraft Purchasing Deal"},"content":{"rendered":"<p><strong>By Dhammika Ranaweera<\/strong><\/p>\n<p>A determined stand-off between Minister of Public Enterprises Development Kabir Hashim and the Finance Ministry at yesterday&#8217;s Cabinet meeting sent emotions. roaring in connection with a clash of opinions on the amount of compensation to be paid for cancellation of an agreement signed by the previous regime to purchase aircraft.<\/p>\n<p>Hashim objected to the Finance Ministry&#8217;s cancellation compensation estimate of US$ 154 million though Cabinet had agreed on a payment of between USS 75-85 million.<\/p>\n<p>Informed sources said the previous UPFA regime had signed an agreement with Aircap Corporation in 2012 to purchase several aircraft.<\/p>\n<p>However, the current government had decided to cancel that agreement on the basis that the intended purchase was not necessary.<\/p>\n<p><!--more--><\/p>\n<p>As a result of that agreement being cancelled the government was under compulsion to pay compensation to the afore-mentioned firm, with the Cabinet agreeing to it.<\/p>\n<p>The sum of compensation had been ratified by Cabinet after a Cabinet Sub-Committee formed to look into the matter sanctioned it.<\/p>\n<p>However, sources revealed that Minister Hashim had pointed out at the Cabinet meeting yesterday that the decision taken by the Finance Ministry to pay a hefty sum as compensation, having disregarded the amount agreed by the subject Minister and the Cabinet, was unethical and was an arbitrary decision.<\/p>\n<p>The source added that Minister Patali Ranawaka and Dr. Sarath Amunugama had also spoken in support of Minister Kabir Hashim at the Cabinet meeting.<\/p>\n<p>It is also learnt that President Maithripala Sirisena has advised the Finance Ministry to temporarily suspend the payment of compensation to Aircap Corporation.<\/p>\n<p><em>Courtesy:Ceylon Today<\/em><\/p>\n<div id=\"tweetbutton51555\" class=\"tw_button\" style=\"float:right;margin-left:10px;\"><a href=\"http:\/\/twitter.com\/share?url=https%3A%2F%2Fdbsjeyaraj.com%2Fdbsj%2F%3Fp%3D51555&amp;text=Kabir%20Hashim%20Challenges%20Ravi%20Karunanayake%26%238217%3Bs%20Arbitrary%20Decision%20to%20Pay%20US%20%24%20154%20Million%20As%20Compensation...%20&amp;related=&amp;lang=en&amp;count=horizontal\" class=\"twitter-share-button\"  style=\"width:55px;height:22px;background:transparent url('https:\/\/dbsjeyaraj.com\/dbsj\/wp-content\/plugins\/wp-tweet-button\/tweetn.png') no-repeat  0 0;text-align:left;text-indent:-9999px;display:block;\">Tweet<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>By Dhammika Ranaweera A determined stand-off between Minister of Public Enterprises Development Kabir Hashim and the Finance Ministry at yesterday&#8217;s Cabinet meeting sent emotions. roaring in connection with a clash of opinions on the amount of compensation to be paid for cancellation of an agreement signed by the previous regime to purchase aircraft. Hashim objected &#8230;<\/p>\n<p><a href=\"https:\/\/dbsjeyaraj.com\/dbsj\/?p=51555\" class=\"more-link\">Continue reading &lsquo;Kabir Hashim Challenges Ravi Karunanayake&#8217;s Arbitrary Decision to Pay US $ 154 Million As Compensation For Cancelling Aircraft Purchasing Deal&rsquo; &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/51555"}],"collection":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51555"}],"version-history":[{"count":1,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/51555\/revisions"}],"predecessor-version":[{"id":51556,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/51555\/revisions\/51556"}],"wp:attachment":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}