COPE to summon CB and Finance Ministry officials

12 January 2018 05:22 am - 4 - {{hitsCtrl.values.hits}}

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The Committee on Public Enterprises (COPE) is to summon officials of the Central Bank and Finance Ministry after the Parliament debate on the bond commission takes place, Parliamentary sources said yesterday.

They said the objective of summoning them is to get a feed back on the steps taken by the Central Bank (CB) and Ministry of Finance to implement the recommendations made by COPE in its report on the investigation of the 2015 bond issue.

COPE Chairman and MP Sunil Handunetti presented its report on the investigation to Parliament in October 2016. The Committee recommended the setting up of a mechanism to ensure transparency of the issues of government securities, monitoring of secondary and primary markets, taking action against the Central Bank employees who have been involved in any unlawful activities with regard to the bond issue concerned and to include new guidelines pertaining to the issue of government securities. (Yohan Perera)

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Comments - 4

Salem Friday, 12 January 2018 07:35 AM

Sujeewa and his corrupt foot note team should be removed from COPE. After writing a book that nothing was wrong with the Bond, taking 62 calls during the investigation to A.A how can they remain?

Econ-Mist Friday, 12 January 2018 08:56 AM

Rather than wasting time and expenditure the public has to bear, COPE or Hope can write to the relevant people and obtain their views in writing.

dulan Friday, 12 January 2018 09:04 AM

But the former Governor and Senior Deputy Governor responsible is missing the later retired

RMB Senanayake Friday, 12 January 2018 09:25 AM

Politicians do they have the economic learning and the market practice understanding to judge events like the Bond issue. Is it a case of the blind leading the blind. Politicians should obtain the knowledge from the experts before attempting to judge such issues. Otherwise pubic officials may not take any initiative and the administration will slow down and may even grind to a halt.RMB Senanayake

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COPE to summon CB and Finance Ministry officials

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