CB bond issue: SPC to complete probe in 3 months

24 January 2017 11:20 pm

The Special Presidential Commission appointed to probe the controversial bond issue will complete investigations in three months and hand over the report to President Maithripala Sirisena, Minister Nimal Siripala De Siva told Parliament today.

He said the SPC was appointed in the wake of a request made by the Sri Lanka Freedom Party (SLFP) and that it had been mandated to recommend the action that should be taken against those responsible for the bond issue.

He said even the Bank of Ceylon which acted as a broker for perpetual treasuries had to be investigated and assured that the President would not hesitate to take action against the wrongdoers. (Yohan Perera)