CONTROVERSIAL 30-YEAR BOND ISSUE:Committee finds serious lapses by BOC; recommends forensic audit an

20 April 2015 10:03 am - 0 - {{hitsCtrl.values.hits}}

A A A

The Committee appointed by Prime Minister Ranil Wickrasinghe to inquire into the controversial 30-year bond issue has found “serious lapses” on the part of state banking giant Bank of Ceylon (BOC) which routed unusually large amount of bids on behalf of Perpetual Treasuries.
“The Committee observed that the bidding pattern of Perpetual Treasuries was unusual and warranted a further investigation,” a communiqué issued by the Ministry of Policy Planning and Economic Affairs said.
The Committee recommended BOC to carry out a forensic audit and seek explanation from its Chief Dealer and others on ad-hoc decisions taken, risking a large amount of BOC funds involved in 30-year bond transactions.
BOC Chairman Ronald Perera on April 8 said General Manager D.M.Gunasekera had been placed on leave to facilitate investigations, which he didn’t specify.

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

CONTROVERSIAL 30-YEAR BOND ISSUE:Committee finds serious lapses by BOC; recommends forensic audit an

Comments - 0

Add comment

RECOMMENDED

Wokeism: The Transgender and Drag Queen Conversation

How Lanka’s National anthem was amended due to superstition

Import of South Indian eggs: Sri Lanka walks on Indian eggshells

Wokeism: Is it destructive, or are you afraid of change? A response

Defeat in Ananthapuram Battle denoted the LTTE’s end

Wokeism: A Weapon of Mass Destruction?

Fake news fraud using Prabha and family

Most Viewed in News

Rupee will gradually come down to 200 or 185 – President expresses hope

IMF approves funding for Sri Lanka

SL Rupee depreciates against USD

Brothel allegedly run by popular actress raided in Kandy

Wimal thrashes Namal, ’’He is a premature broiler chicken’’

Controversial statement in Berlin lands Tourism Minister in hot water

TODAY'S HEADLINES

SL committed to successfully completing IMF programme - President

SL should stay committed to the multi-pronged disinflation strategy - IMF Managing Director

IMF approves US$3bn programme for SL, first tranche $333mn

Earth slip at Kabaragala estate Sixty houses destroyed, three critically injured

MIRROR CRICKET

New Zealand demolish Sri Lanka to sweep Test series

Williamson, Nicholls double tons put New Zealand on top in second Test

Royal College well-placed for win, S. Thomas’ 43 for 3

Royal declare second innings, give Thomians a 342-run target

Nippon Karting Slalom Championship 2023 organised by CMSC on March 26

New Zealand demolish Sri Lanka to sweep Test series

Williamson, Nicholls double tons put New Zealand on top in second Test

Royal College well-placed for win, S. Thomas’ 43 for 3