Lanka Sathosa also known as Sathosa is a wholesale and retail chain located in Sri Lanka. It is considered to be the largest state-owned retail chain in the country and was established in 2005.[1] Sathosa was incorporated as a state-owned enterprise under Companies Act no 7 of 2007 and it is regulated by the Ministry of Trade, Commerce & Food Security. The main function of Lanka Sathosa Limited is to set prices of many essential items in the domestic retail market.
Pasanda Yapa Abeywardena was appointed as the chairman of Lanka Sathosa in August 2022.[2] As of 2023, the retail chain expanded its branch of network beyond 441.[3] Lanka Sathosa has also guaranteed to sell essential items at concessionary prices during tough times including the coronavirus pandemic in the country.[4]
Controversies
Johnston Fernando was arrested on 5 May 2015 in relation to the non-payment for goods worth more than 5 million rupees but was released on bail amounting to Rs.