Former Central Bank (CB) governor Arjuna Mahendran was responsible for providing internal information to outsiders and has interfered into bond auctions through a system of incorrect and unconventional methods, President Maithripala Sirisena today said quoting the Bond report.
In his special statement on the report of the Presidential Commission of Inquiry into CB Bond issuance, the President said senior officials of the Central Bank were inactive before former governor Mahendran.
“It is believed that because they had not questioned about these and had become inactive, such incorrect decisions were made. Mr. Mahendran has made interference into bond auctions through a system of incorrect and unconventional methods and he was responsible for providing internal information to outsiders. One party has used such information to obtain undue monetary profits,” he said.
He said the Perpetual Treasuries Limited has made a minimum benefit of over Rs.688 million in the auction held on February 27, 2015.
“The Commission is of the opinion that further investigations could reveal that this amount could even be more than that. As revealed during the investigations, Perpetual Treasuries Limited has made undue profit of Rs.11,145 millions in the secondary market. In this, the Employees Provident Fund and other government institutions had lost more than Rs. 8.5 billion,” the President said.
ok so we spent millions of rupees on a presidential commision to unearth this obvious fact?
ns.nw Wednesday, 03 January 2018 08:47 PM
If you read the statement/speech, you would have noticed that the cost of the commission has already been recovered by the pending cases. Additionally, there is a difference between belief and evidence.
Mandy Wednesday, 03 January 2018 09:05 PM
That is called due process. You cannot hang on someones say so it must be proved in a court of law with prper evidence.
voter Thursday, 04 January 2018 09:54 AM
We should appreciate at least that a commission was appointed to look into this and the report published. But, was a single commission appointed or for that matter anyone found guilty during MR's period for the blatant corruption that happened during that period?
Arun Wednesday, 03 January 2018 07:32 PM
Put them all behind bars for life time and get us out money back
klaus Wednesday, 03 January 2018 07:52 PM
Justice has been served .. congratulations Mr.president you made a good move
Pramod Fernando Wednesday, 03 January 2018 07:57 PM
Tharaka Ranasinghe Thursday, 04 January 2018 01:15 PM
True. This show will be active till the end of elections. After that everyone will become Saints.
Law Wednesday, 03 January 2018 08:00 PM
Here we are at a very important juncture in Sri Lankan history. Bribery and corruption is about to be nailed. Lets us all hope we the people of Sri Lanka can now enjoy a sign of relief that no one is above the law. even so new laws will be enacted to close the loopholes
Ajith Wednesday, 03 January 2018 08:23 PM
Don't keep too much hopes. This also could be a another drama like SIL REDI.
Ajith Wednesday, 03 January 2018 08:18 PM
Recommended immediate repairs
Gaja Man Thursday, 04 January 2018 09:00 AM
Now we should start investigating on the Greek bond scam and the hedging scam
Robert Thursday, 04 January 2018 09:17 AM
we must appeal to Singapore Government to cancel his Citizenship in Singapore.
john Thursday, 04 January 2018 10:30 AM
Don't get too excited. This is only reading a paper.Bluff before the elections. If the commission has proof whay these guys and the PM are still let lose??Don't bluff Sirisena mama
Sunil Thursday, 04 January 2018 10:36 AM
He has put his Oxford education to good use.
Reader Thursday, 04 January 2018 10:44 AM
RW is also responsible for getting him in while his nephew was a primary dealer in CB. Even after all reports of misdoings RW recommended his term extension. In Parliament RW defended Bond Sale. Also few other senior UNP members defended this Bond sSale, even wrote book saying nothing wrong. RW and all those should honorably resign!!!!
Peter Thursday, 04 January 2018 10:45 AM
This is all well and good; but what about the mass murders committed in the Prisons, murders of media personnel - Lasantha Wickremetunge, Ekneligoda and the monstrous murder and dismemberment of the Rugger Player Thajudeen? When are you going to solve this problem - This is lives of people snatched away, mercilessly.
sudesh Thursday, 04 January 2018 03:26 PM
Why only these few things unearth 65,000 lives burried in 87-89. Start from Wijeweera.
Aku Thursday, 04 January 2018 11:11 AM
So President Sirisena has gained a small victory in the bond issue finally, but what about the many murders that happened?? So many other activities like the white vans etc etc??? Haven't they all been proved too with evidence but not arrests or convictions have happened?? The BBS still walking free??? I have this strange feeling that this bond scam thing is just a cover up for the purchase of an unwanted Russian ship and many billions in private pockets......
BBM Thursday, 04 January 2018 03:26 PM
Feels that 'sadukaraya' published....
Sam Thursday, 04 January 2018 11:13 AM
Well done Hon. President for the justice meted out.Its a shame that the respective voted people have done nothing to brings the crooks to justice and have done nothing up to now.
Thilak Thursday, 04 January 2018 03:16 PM
Singapore imported James Bond wrecking economic havoc while impoverishing a whole nation.
Dharmakulasingham Thursday, 04 January 2018 04:38 PM