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Govt. to issue statement on controversial CB bonds

5 March 2015 07:52 pm - 18     - {{hitsCtrl.values.hits}}

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The Economic Affairs and Policy Planning Ministry will issue a statement today regarding a controversial bond issue of the Central Bank.

The statement will be issued in the wake of allegations that a party having close links to Central Bank Governor Arjuna Mahendran had unfairly benefitted from the bond issue. The Central Bank had issued 30-year bonds. Their interest rate had later shot up, allegedly giving disproportionate benefits to this party.

Asked about this bond issue, Economic Affairs deputy minister Harsha de Silva said his ministry would issue a statement during the course of today, giving full details. 

Asked whether there was any truth in the allegations, he said, “We will issue a statement through the ministry explaining the actual position.  Other than that, we won’t say anything.”(Kelum Bandara)
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  Comments - 18

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  • Gonja Friday, 06 March 2015 08:32 AM

    They have to maximize whatever gains with in 100 days because MR is sure to back in the driving seat after next general election.

    T Wickramaratna Saturday, 07 March 2015 07:23 AM

    The governor should be forced to undo the damage and then sent home.

    Patriot Friday, 06 March 2015 08:55 AM

    Is Arjun Mahendran an indispensable god? I think we have very talented Senior Deputy Governors at CB.

    Sunny Friday, 06 March 2015 09:23 AM

    Yaha Palanaya. This is what was expected from UNP. Now people will realized what was the plan. This is one of them?

    SJ Friday, 06 March 2015 09:29 AM

    this is really really bad news....There is absolutely no reasons from a good governance point of view for his relative to get involved in this...this is bad...this is white collar crime, cos average Jonny will not see these kind of blatent use of office. WE DID NOT ELECT THEM FOR THIS!!!!!!!!!!Get your act together

    Kingsley Wijesinhe Friday, 06 March 2015 09:29 AM

    Business as usual,it seems.

    Hiran Friday, 06 March 2015 09:35 AM

    If found of any wrong doing the Governor must be fired immediately!!

    ara Friday, 06 March 2015 10:04 AM

    the story is that the indicative rate has jumped from 9.5% to 12% something. He has bought and resold and made a handsome LKR 200 mn gain on the same day. looks and inside job. That's what i have heard. Lets wait for the statement.

    LogicalCitizen Friday, 06 March 2015 03:52 PM

    Appearing for the auction, Perpetual Treasuries Capital (Pvt.) Ltd. secured a sizeable share.CEO of this company Arjun Alocius is the son-in-law of Arjun Mahendran, the Singaporean citizen, who is governor of the Central Bank.The company was registered at the CB as a primary sales agent of treasury bonds in 2013, and it is alleged it has obtained a very high loan of Rs. 10 billion in order to earn a considerable profit.

    Premalal Friday, 06 March 2015 10:37 AM

    A governor of the central bank should be beyond reproach. He must resign with dignity if doubts are created.

    Ranamure Banda Friday, 06 March 2015 05:07 PM

    This CB governor must be sacked.His son inlaw must be investigated .

    haris Friday, 06 March 2015 06:07 AM

    This guy Harsha had immediate answers to all the questions during previous regime. Why he wants time now to answer this question.

    karu Friday, 06 March 2015 06:20 AM

    No smoke without fire. The actual truth is that the unsuspecting people of this country are taken for a ride.

    Nims Friday, 06 March 2015 07:05 AM

    OK we will wait for the statement. But we dont want a statement justifying the case if any one had benefited unfairly through this issue. Action must be immediately taken against the anyone irrespective of his/her position. That why the country elected you.

    Mangala Friday, 06 March 2015 07:15 AM

    Hah! Hah!! Hah!! "Yaha" administration!!!!!

    Channa Friday, 06 March 2015 07:30 AM

    Way to go . UNP is back on the track .They have just started . This quite expected with minister of finance with bad history

    Suren Friday, 06 March 2015 07:32 PM

    Unnuth ekkai...!! Munuth Ekkai...!!All rogues...RW Fire all rogues...!

    NM Friday, 06 March 2015 07:48 PM

    Raj Rajaratnam was sent to Jail for Insider Dealing....


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