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COPE report proves CB governor intervened in scam: JVP

02 Jul 2015 - {{hitsCtrl.values.hits}}

The JVP today alleged it was clear from the written evidence in the Committee on Public Enterprises (COPE) report that Central Bank Governor Arjun Mahendran had intervened in the Central Bank Treasury bond issue.

Former JVP MP Sunil Handunneththi told a news conference that they had produced even the audio records of the agents to the COPE.

Mr. Handunneththi said if the government wanted to submit the COPE report to parliament, it could have done so but certain UNPers wanted to deter it being presented in parliament citing various reasons.

He said it was the JVP which revealed the inside trading of the Central Bank and that it should be discussed in parliament.

Mr. Handunneththi said it was only the Share market which was manipulated in the past but with this Bond issue even the bond market had been manipulated.

He said the Bank of Ceylon had bought Rs. 5 billion worth Treasury Bonds for the Perpetual Treasuries on just a phone call.

“The Central Bank incurred big losses due to this issue and the Bank of Ceylon also had incurred a loss as it could have bought those bonds itself being a registered bond agent,” he said.

Mr. Handunneththi said there had been such insider trading in the past as well and urged that the loopholes in the system be rectified so that such frauds would not happen in the future.(Ajith Siriwardana)

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COPE report proves CB governor intervened in scam: JVP

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