It is reported that Malaysian business tycoon Sudhir Jayaram is set to arrive in the island today to conduct discussions with Central Bank officials and several Ministers. He is said to be acting as an intermediary to purchase EAP group of companies which also owns Swarnavahini television channel.
Releasing a statement recently the Central Bank said it has decided to allow the sale of ETI and its subsidiary companies along with its investment properties for around USD 75 Million considering the financial difficulties being faced by ETI and its possible negative impacts on the financial market.
They have also announced that the sale must fall in accordance to local laws and regulations.
Accordingly sources say the buyer has already paid in USD 32 Million as confirmed by the Central Bank. However up to date the Central Bank has refused to reveal the name of the buyer stating that it could affect the deal if done so prior to its completion. 
'Despite a local businessman had made a higher bid EAP has been sold to Lycamobile' - Wimal Weerawansa
Meanwhile, during the course of the proposed Appropriation Bill, Wimal Weerawansa, MP during the debate, said that all companies belonging to the group has been sold to Lyca Mobile Company even though a local businessman has placed a higher bid to purchase them.
He also alleged that Lyca has LTTE connections claiming that it is a known fact internationally.
He also accused former President Chandrika Bandaranaike Kumaratunga and Mano Thittawela from being behing this deal.
The MP also claimed laws were bent to allow the deal while a special cabinet approval also pushed it through.
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