84 private bond issues during last regime to be probed: PM

30 November 2017 12:53 pm - 16 - {{hitsCtrl.values.hits}}

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The Government intended to start up a probe on bond issues that had taken place from 2008 to 2014 totalling Rs. 5,147 billion, Prime Minister Ranil Wickremesinghe told Parliament today.

Making a special statement in the House, the Prime Minister said these bond issues had been made on private placements, without informing the Monetary Board or the Central Bank and Parliament.

He said 90 percent of those bond issues had been done on private placements, while issues have also been done through using EPF, ETF and National Savings Bank as captive sources.

"We will get the Finance Committee in Parliament to probe these bond issues, which have been done according to whims and fancies of certain persons. These are more or less similar to pyramid schemes," he said.

The Prime Minister also informed Parliament that probes would be conducted on the frauds that had taken place in the stock market between 2008 and 2014.

He said bonds had been issued under direct placements only in four instances under the present regime, while there have been 84 instances of issuing bonds during the tenure of the last regime.

Mr. Wickremesinghe added that he has got all the details on bond issues from 2008 to 2014 from the Central Bank.(Yohan Perera and Ajith Siriwardana)

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Comments - 16

ravin Thursday, 30 November 2017 01:07 PM

Draging it until end of your present term will make everyone more comfortable.

cheers Thursday, 30 November 2017 01:10 PM

Do not try to cover up your sins after getting caught red handed and trying to divert attention else where own up and resign for the failure

ANTON Thursday, 30 November 2017 01:11 PM

GREAT THIEVES ALWAYS POINT FINGERS AT LITTLE THIEVES.

rew Thursday, 30 November 2017 05:35 PM

All this was promised on Day 1, almost 3 years ago. have you just woken up?

ANTON Thursday, 30 November 2017 07:03 PM

YEP......... THEY HAD GIVEN US SLEEPING PILLS FOR THREE YEARS.

ahamed Thursday, 30 November 2017 01:13 PM

Why so much time taken to disclose this information?

ENOUGH IS ENOUGH Thursday, 30 November 2017 01:19 PM

AND - they will be freed - on some ACT like the new foreign exchange act being enacted. = enough is enough of such vain talk.

wiseman Thursday, 30 November 2017 01:21 PM

This is "Tit-for-Tat"

Amila Thursday, 30 November 2017 01:36 PM

When an election ahead, these allegations arise. Ha ha ha............

Mason Thursday, 30 November 2017 05:47 PM

PM, do not try to divert attention from the current probe. Let it be satisfactorily completed and those involved duly punished. The period 2008 - 2014 can wait after all, the Mega robberies mentioned by you during the Elections still awaits to see the light of the day !

ceylon Thursday, 30 November 2017 06:06 PM

just now you say it.why didnt say 3 years ago.this man is now invalid for politics. via DM Android App

mnsmart Thursday, 30 November 2017 06:51 PM

Late new, pl concentrate on the current robbery

Park Thursday, 30 November 2017 07:50 PM

President Sirisena should take the leadership in appointing a Presidential Commission to inquire into 2008 to 2014 bond scams. The recommendation for this should come to the President from the Prime Minister. This should be done immediately.

daham Thursday, 30 November 2017 08:11 PM

What a sorry state Mr. Prime Minister?

pala Friday, 01 December 2017 02:46 PM

After yahapalanaya came to power first major organized project done was 'Central bank loot', we thought you well studied scams before 2015, before poking your finger to the till,but unfortunately, it was misfired. if you really love the country and want to bring crooks to book is your real intention you do it, but public believe that you are highly involved and responsible in 2015 scam

lanka Friday, 01 December 2017 05:19 PM

No point probing bond issues from 2008 to 2014. You had nearly 3 years to do this. Ranil you have being caught with your pants down doing the biggest daylight bond scam in the world! Now be honest and go away. Ask all your mates to hand back the public money.

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84 private bond issues during last regime to be probed: PM

Comments - 16

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