The proceedings of the fundamental rights violation application filed by Parliamentarian Mangala Samaraweera, in respect of the impending sale of Sri Lanka Telecom shares owned by the Nippon Telecom Pvt. Limited to a Malaysian company, were terminated yesterday.

The terms suggested by the petitioner were declared reasonable by the Court.

The terms are that the government of Sri Lanka will not be a

party to the agreement between the Japanese entrepreneur and the Malaysian company, the Global Telecommunication Holdings Pvt. Limited for the sale of the shares owned by the Japanese Company, NTT Pvt. Ltd; since the sale referred to in the motion dated February 19, 2008 is of the entirety of the 35 percent shares held by the NTT Pvt. Ltd to the Malaysian Company, the agreement between the government of Sri Lanka and the Japanese entrepreneur will cease and in the event of any future agreement between the government of Sri Lanka for the management of Sri Lanka Telecom with any party, the procedure will be made on a transparent basis.

Romesh de Silva PC, appeared with Sugath Cladera, instructed by G. G. Arulpragasam for the petitioner. Additional Solicitor General, P. A. Ratnayake, appeared for the Attorney-General.

The Bench comprised the Chief Justice Sarath N. Silva, Justice N. G. Amaratunga and Justice J. Balapatabandi.