Sale of Bonds CB incurs loss of Rs.1.6Bn: AG

2 July 2016 09:39 am - 9     - {{hitsCtrl.values.hits}}

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The Auditor General's report states that the Central Bank authorities are responsible for failing to prevent the huge loss of Rs.1.6 billion in the controversial bond issue.

He submitted his report to the parliamentary Committee on Public Enterprises (COPE). It states that in the sale of Central Bank bonds on February 27 last year an estimated loss of Rs.889 million could have been averted while Rs.784 million could have been averted in the sale of bonds on March 29, 2016.

The report stated that the Central Bank had during this period done away with the direct placements methods and that the loss could have been higher if the subsequent bond sales were taken into account.

It sates that the CB Governor had failed to display a sense of due professionalism on this matter.

President Maitripala Sirisena, backed by the senior members of his Sri Lanka Freedom Party (SLFP), insisted that a new Governor be appointed instead of extending the tenure of CB Governor Arjuna Mahendran after his term expired on June 30.

The SLFP is urging that Deputy Governor Nandalal Weerasinghe be appointed as the next Governor of the Central Bank.(Kelum Bandara)  

 

  Comments - 9

  • Messeger Saturday, 02 July 2016 11:04 AM

    So now what action will be taken against James Bond Mahendrain... In short few Qualitied Professionals and Unqualified Politicians Mess up the Country and the People suffer. The law is lenient to catch all this crooks. ( this a cancer - ) the cure is God ( Jesus Christ ) to come down and taken control of all these Demon Work.All these people are answerable to God.

    Citizen Saturday, 02 July 2016 11:13 AM

    This is just the tip of the iceberg. The real loss to the country is much more than the report states.

    Hizam Saturday, 02 July 2016 11:50 AM

    In short, you steal a few coconuts, you are arrested. You steal a few billion, you go Scot free!

    samitha Saturday, 02 July 2016 12:36 PM

    Mr. Prime Minister why are you protecting former CB Governor ? Please maintain your clean reputation without falling into their trap.

    kk Sunday, 03 July 2016 01:46 PM

    can he lie via DM Android App

    Channa Sunday, 03 July 2016 06:47 PM

    PM is not clean any more

    James Bond Saturday, 02 July 2016 10:28 AM

    ඔබට සතුටුයිද දැන්...?

    NARAYANA Saturday, 02 July 2016 10:32 AM

    It should be from the money of Ranil's not ours

    Gayan Saturday, 02 July 2016 10:39 AM

    Arrest him before he leaves the country.


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