An+agreement+signed+by+Investment+Board+and+Heera+Foundation+was+illegal+-+disclosure+at+COPE
Wednesday, 18 September 2019 - 7:44
An agreement signed by Investment Board and Heera Foundation was illegal - disclosure at COPE
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COPE convened yesterday at the parliamentary complex with COPE chairman, MP Sunil Handunnetti at the chair. 

The Batticaloa Campus Private Limited and an affiliate of it, Heeraa Foundation were inquired into before COPE. 

However, although former Governor A. L. M. Hisbullah who runs the two institutions and his son Hiraas Hisbullah were scheduled to be present before COPE yesterday, they had sent a letter requesting for a different date.

Accordingly COPE decided to re-summon them on October 6th.

COPE heard evidence from Bank of Ceylon Board of Directors including Board Chairman regarding funds the two institutions had received as foreign aid via the Bank of Ceylon.

On this occasion the officials  said that although funds through this transaction had been obtained according usual Bank of Ceylon procedure, the Sri Lanka Central Bank Intelligence Unit was intimated about this  due to a suspicion that that had cropped up after the Easter Sunday  attack.

However, COPE member State Minister Ashok Abeysinghe said on this occasion that while the Sri Lanka Investment Board and Hiraa Foundation had jointly signed an agreement during 2013 / 2015, attorney general  had informed Education affairs and Human Resources Development  Divisional Supervisory Committee that the agreement had not been legal.

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