COPE has found 32 state-owned entities to be the worst corrupt loss-makers out of a total of 420 institutions, said MP Gamini Waleboda.
These had incurred a combined loss of Rs. 465,000 million within three years, he said.
Taxpayers’ money has to be pumped into the maintenance of these institutions, including SriLankan Airlines, CEB, CPC and Lanka Sathosa.
Of them, the national carrier accounts for 40 per cent of the total losses, said the MP.
A majority of employees of these institutions earn monthly salaries of more than Rs. 200,000 and it is their trade unions that are leading protests against the new taxes, Waleboda said.
He called for an immediate mechanism to make these state entities profitable through proper regulation and auditing, saying the solution is not their privatization.