An American-Canadian project has alleged that corrupt actors within a former Sri Lankan government fraudulently helped China state-affiliates to hijack its legitimate development rights and work products for a clean energy project at the Hambanthota port. Since last year the Sri Lankan national media has highlighted the controversy as the nation has incurred massive Chinese debts and revenue from the U.S.-Canadian project would have helped Sri Lanka service its debt to China. In July 2020 Canadian-based developer Greenlink Global Consulting Inc. (Greenlink) filed $400 million in damage claims with the Sri Lanka attorney general. This case will be referred to a Sri Lankan court of law for decision. Greenlink is also calling for the Biden administration to pass the Eagle Act in Congress, which it claims will facilitate justice in such international cases of corruption and further curb such dealings. Work for Naught In 2009 Sri Lanka opened itself to foreign direct …
US-Canadian Energy Enterprise Accuses China of Highjacking Major Project in Sri Lanka
October 11, 2021
admin
American investmentArchivedBusiness & EconomyChinaChina Business & EconomyCompaniesEnergy projectHambanthota portInternationalNewsSrilankaWorld
0 Comment