Sri Lanka, July 14 -- Over US$ 88 million and 4 million Euros have been siphoned from Sri Lanka's state coffers due to severe institutional negligence, a loss masked by official state silence until a recent Committee on Public Finance (CoPF) report exposed the crisis, according to an analytical article by Independent Researcher Dr Sanjana Hattotuwa.

According to Dr Sanjana Hattotuwa, a culture of institutional arrogance has left vital networks unprotected, with the government consistently dodging responsibility.

When these colossal financial resources vanish, the state's default response is to announce an investigation, allow silence to resume, and let impunity reign.

The investigations reveal massive financial bleeding across multipl...