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Auditor+General+States+Bond+Issue+incurred+400+million+rupee+loss
Monday, 12 June 2017 - 19:55
Auditor General States Bond Issue incurred 400 million rupee loss
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It was revealed before the Presidential Commission probing the controversial Central Bank bond issue today that 905% more bonds to that of the necessary bonds to generate money for the government had been offered to the market by February 27, 2015.

Testifying before the Commission Auditor General Gamini Wijesinghe stated the government auctioned bonds to generate 10.058 billion rupees; it received only 9.658 billion rupees thereby incurring a 400 million rupee loss to the government.

The Auditor General who pointed out that the government was able to fetch the required money from the Employment Provident Fund on February 27, 2015 said that the government lost the opportunity after such money was invested in other sectors.

This Special Presidential Commission is probing the bond issues carried out from February 1, 2015 to March 31, 2016 under this government.

Meanwhile, Registrar General of Companies D.N.R. Siriwardana submitted a report on 18 companies including Perpetual Treasuries Limited to the Presidential Commission probing the controversial Treasury bond issue today.

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