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12 April, 2026, 12:37 am
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All Govt vehicle leasing contracts have been issued after open, competitive and transparent tender processes – Ministry
Police investigate fake news

All Govt vehicle leasing contracts have been issued after open, competitive and transparent tender processes – Ministry

Police investigate fake news

By Vijay Narayan
20/05/2025

Following the fake news being circulated about the Government vehicle leasing contracts, the Ministry of Finance has clarified that since the introduction of Government vehicle leasing in 2008, suppliers for leased vehicles have always been selected through an open, competitive and transparent tender process.

The Ministry says this is in line with the Government Procurement Regulations which requires a tender to be called for any procurement above $50,000.

The Finance Ministry says following the competitive bidding process and a thorough technical evaluation, the Government Tender Board had approved the suppliers of the leased vehicles, including the number and type of vehicles and price per unit.

It adds that since its introduction in 2008, Government has called 6 open tenders for vehicle leasing with the recent one awarded in 2024.

The current approved suppliers include Asco Motors, Kia Motors, Carpenters Motors, Niranjans and Palas Auto Service.

Meanwhile Police are investigating the case of the circulation of the fake news articles.

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