The Treasury Secretary undertakes to hold SLT shares until June 15.

The Treasury Secretary today gave an undertaking before the Supreme Court that government-owned shares at Sri Lanka Telecom (SLT) will not be sold until June 15.

The Attorney General appearing on behalf of the Treasury Secretary gave this undertaking when the Fundamental Rights petition filed seeking an order restraining the Treasury Secretary from taking any steps to divest the shares held by him in Sri Lanka Telecom PLC was taken up for support.

The petition was fixed for support on June 15 by a three-judge bench headed by Justice Gamini Amarasekara.

The President of the Sri Lanka All Telecommunication Employees Union, J. B. Gurusinghe, and its General Secretary, Kamalanath Hettiarachchi, filed this petition against the decision taken in principle by the Cabinet of Ministers to divest the shares of the SLT held by the Secretary to the Treasury.