The Investment Promotion Minister, Lakshman Yapa Abeywardene,
submitted a Cabinet memorandum this month, seeking to overrule current legislations that ban sales of private or crown Sri Lankan land to a foreign national or company.
Arguing that the Finance minister has the power to overrule legislation, Abeywardene is looking to acquire legal exemption for 69 acres of land to allow a Singaporean Company to establish a private university and related infrastructure.