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Thursday, May 23, 2024

 Committee Says Central Bank Bond Issue Flawed : Report

Unofficial reports reaching ‘Sri Lanka Mirror’ say that an initial probe report of the committee appointed to look into the controversial Bond issue has stated that the Bond issue procedure was flawed.

Initial investigations on this regard concluded last Friday with the report expected to reach Prime minister Ranil Wickremesinghe in the next few days, sources from the Central Bank of Sri Lanka (CBSL) say.

Afterwards, the Prime minister would table the report before Parliament, government sources say.

The committee appointed to probe into the issue comprises of Gamini Pitipana, Mahesh Kalugampitiya and Chandimal Mendis.

The governor of the CBSL – Arjun Mahendran, went on leave and distanced himself from all operations of the Bank while the probe was being conducted, a CBSL spokesperson said.

Government sources add that the need for further investigations on the matter will depend on directives of the report.

Although certain ministers had claimed that faith cannot be kept on the panel appointed by the Prime minister, the panel had given an impartial decision, the CBSL spokesperson further added.

– Sri Lanka Mirror


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