President Ranil Wickremesinghe, as the head of state, cannot write off the loans of certain prominent businessmen, MP Kumara Welgama said in Parliament today.

MP Welgama stated that the President does not have the right to declare the loans of 10 businessmen as bad debts.

The MP further stated that the President’s actions pertaining to the loans of the group of businessmen was wrong.

“I was among the group of MPs who voted to elect Ranil Wickremesinghe as the President. We did not elect him as the President to write off the loans of prominent businessmen,” MP Welgama added.

MP Kumara Welgama called on the President to rectify his actions in this regard.