Monday, Nov 29 2021 | Time 23:29 Hrs(IST)
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World


Sri Lanka blocks payment to Chinese firm that shipped fertiliser with harmful bacteria

Sri Lanka blocks payment to Chinese firm that shipped fertiliser with harmful bacteria

Colombo, Oct 23 (UNI) Sri Lanka's state-owned Ceylon Fertilizer Company Limited has got a court order to block payment to China’s Qingdao Seawin Biotech over the latter's shipment of organic fertilizer which was contaminated with harmful bacteria.
“The enjoining order has prevented the People’s Bank from making any payment under a Letter of Credit opened in favour of the Chinese company, Qingdao Seawin Biotech Group Co., Ltd,” a statement from the President’s Office said.
Colombo Commercial High Court had issued the order on October 22, against the Qingdao Seawin Biotech, its local agent and the state-run People’s Bank, economynext.com reported.

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