It has been revealed that tiger organization has invested money to buy 42% shares from Sri Lanka Telecom through Maxis in Malaysia. Kumaran Pathmanathan (KP) has admitted that the investment to buy shares from Telecom was done with the intention of taking the national communication network under the tiger organization.
51.23% shares of Sri Lanka Telecom are with the government. On 1st April, 2008 Maxis bought 42% of the shares of Sri Lanka Telecom spending Rs.320 billion. A head of a telecommunication sector and his brother had mediated in the deal. Maxis had agreed to pay them Rs.1 billion for their mediation. However, when two journalists from a national newspaper joined in that agreement had fallen apart. As we have mentioned earlier the chief executive officer of Sri Lanka Telecom who draws a salary of Rs.13 million has been appointed by Maxis. According to internal sources in Sri Lanka Telecom this person who doesn’t have any qualifications is carrying out a maneuver to grab the powers of the present Chairman of Sri Lanka Telecom as well.