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PRECIFAC+seeks+3-month+extension+to+prepare+final+report
Tuesday, 24 October 2017 - 13:55
PRECIFAC seeks 3-month extension to prepare final report
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The Presidential Commission of Inquiry to Investigate and Inquire into Serious Acts of Fraud, Corruption, and Abuse of Power, State Resources and Privileges has requested to extend its official term by another three months.

The Commission’s Secretary H.W. Gunadasa told our news team the Commission is preparing the final report based on its proceedings.

He also said that they need to submit the final report before the expiry of its official term on 3rd of November.

The Commission has completed investigations of 34 massive fraud and corruption cases during the past 2 years and 7 months.

Accordingly, 17 reports have been submitted to take legal action.

The Commission has received 1,600 complaints with regard to massive fraud and corruption that occurred during the last regime.

Meanwhile, the Presidential Commission of Inquiry that probed the controversial Central Bank Bond issuance stated that it was given another 6 weeks to submit its final report.

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