Ranil trying to cover-up bond scandal: GL

Published : 8:22 am  May 26, 2015 | No comments so far |  | 

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 By Lahiru Pothmulla
UPFA MP G.L. Peiris yesterday claimed that Prime Minister Ranil Wickremesinghe was trying to cover up the controversial sale of CB Bonds by saying Rs.2.7 trillion worth of Bonds had been sold during the previous government by violating CB regulations.

 “The Prime Minister should have informed parliament if there were any irregularities when auctioning Central Bank Bonds during the previous government because he was then the opposition leader.  He had a responsibility to raise these matters in parliament,” Mr. Peiris told a news conference held at the Abhayaramaya in Colombo.

 


"The IMF, unlike other institutions, has a special right to know about Mr. Mahendran because he also functions as an IMF Additional Director.  The Bond sale had detrimental repercussions running for thirty years "


 

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He said the Prime Minister should take the responsibility for appointing Arjuna Mahendran as CB Governor and the sale of treasury bonds and added that there was no credibility in the committee appointed by the Prime Minister to inquire into this matter.


He said the committee had ruled that certain matters needed to be clarified but the Prime Minister had ignored this and allowed Mr. Mahendran to continue as CB Governor. “The government deliberately postponed the debate on the no-confidence motion against Mr. Mahendran,” he said.


Meanwhile, provincial councillor Udaya Gammanpila urged the Premier to reveal the details of the frauds committed when auctioning CB Bonds during the previous regime and requested the President to appoint an impartial committee to look into the sale of the CB bonds. Later MPs Peiris, Bandula Gunawardane, Dullas Alahapperuma and Udith Lokubandara informed the International Monetary Fund (IMF)’s representative in Sri Lanka on the sale of bonds and about Mr. Mahendran. Mr. Peiris told the media that they had already informed the World Bank and the Asian Development Bank.


“The IMF, unlike other institutions, has a special right to know about Mr. Mahendran because he also functions as an IMF Additional Director.  The Bond sale had detrimental repercussions running for thirty years and the Governor should take the responsibility,” he said.

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