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Saturday, 30 December 2017 - 14:15
Bond Commission report presented to President
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The final report of the Presidential Commission of Inquiry appointed to look into the Central Bank bond issue was handed over to President Maithripala Sirisena today (Dec. 30).

Speaking to our news team, the Secretary of the Commission, Sumathipala Udugamsuriya said that officials of the Commission including its Chairman, K. T. Chithrasiri handed over the report to President at the Presidential Secretariat.

He further stated that the report consists of more than 1,000 pages.

The President appointed the commission on the 27th of January this year to investigate into the Central Bank bond issue.

The tenure of the commission was scheduled to end tomorrow.

The Commission was appointed to look into alleged irregularities that were said to be taken place during the treasury bond issuance on the 27th of February 2015.

The special report produced by the Auditor General highlighted that no measure has been taken to avoid the loss of 1.6 billion rupees incurred to the government during the said bond issuance.

Based on the report of the Auditor General, the Committee on Public Enterprises also conducted an investigation and its report was produced to the Parliament on the 28th of October, 2016.

The Commission first convened on the 6th of February while the current Governor of the Central Bank, Dr. Indrajith Coomaraswamy was testified before the Commission on the 21st of February.

The Secretary to the Ministry of Finance, Chairman of the Committee on Public Enterprises, Auditor General, CEO of Perpetual Treasuries Kasun Palisena, Former Governor of the Central Bank Arjuna Mahendran are among those who were testified before the Commission.

Anika Wijesuriya who testified before the Commission revealed that a company owned by Arjun Aloysius paid the rent for a luxury apartment in which former Minister Ravi Karunanayake resided.

Following the revelation, a no-confidence motion was presented in parliament but Minister Ravi Karunanayake resigned from his portfolio before the motion was taken up for debate.

It is noteworthy that the owner of Perpetual Treasuries Limited, Arjun Aloysius refused to be testified before the Bond Commission.

The Presidential Commission forwarded a questionnaire with 48 questions to Prime Minister Ranil Wickremesinghe and the Prime Minister was called to the Commission on the 20th of November for clarifications on his response.

Prime Minister Ranil Wickremesinghe was the last to be testified before the Bond Commission.

The Presidential Commission conducted its activities for 123 days and its tenure was extended on four separate occasions.

Meanwhile, Minister Chandima Weerakkody stated that the report will be forwarded to the Attorney General for further instructions.

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