The following press release issued by the Chinese company as the response to the remarks by President Maithripala Sirisena recently.
"ALIT and CEIEC formed a consortium in Aug. 2010 in order to pursuit the Lotus Tower Project. The contract was signed in Jan. 2012. In Aug. 2015, ALIT entrusted CEIEC to act solely on its behalf to fulfill the contract. Those are normal business operations and comply with international business practices
"According to the contract, TRC paid USD 15,644,980 as advance payment to CEIEC's account in China Export-Import Bank of China on Oct. 9, 2012. This sum had been used for the project purpose solely."
The full statement is below;
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