Jan 03, 2018

Arjun Mahendran misused power!

President Maithripala Sirisena today (03) made a special statement with regard to the report handed over to him by the commission that inquired into the controversial Central Bank bond sale. It will be released to the media later today (03).

The report cites that Perpetual Treasuries had illegally earned Rs. 11 billion by the Bond sale, and recommends to take legal measures against those who are responsible to recover the losses.sources say.

Sources further say that the report unveils that Arjun Mahendran, who was functioning as the former CBSL governor when the bond sale took place, had misused his powers and the Prime minister too becomes responsible to a certain extent due to his hand in appointing this individual.

It is said that the committee has recommended to hold a in-depth audit into bond sales which had taken place since 2008.

Ravi to CIABOC

Sources say the report has not found that former Finance minister - Ravi Karunanayake was directly involved in this sale.

It also has recommended to initiate an investigation by the Commission to Investigate Allegations of Bribery or Corruption - (CIABOC) with regard to Mr. Karunanayake purchasing a penthouse at Monarch residencies.

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President receives Bond Issue report (Update)

President to make a special statement