Bond Scam Inquiry: President to appoint SPC

Published : 9:02 am  January 24, 2017 | No comments so far |  | 


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By Sandun A Jayasekera
President Maithripala Sirisena has decided to appoint a three-member Special Presidential Commission (SPC) to inquire into the Central Bank bond scam and instruct the Attorney General to take legal action based on the Commission report.

66The SPC comprising a Supreme Court, a High Court Judge, a senior auditor and an accountant is required to submit its report with recommendation within three months.   
In a communiqué issued by the Presidential Secretariat, the President has requested all concerned to give their fullest cooperation to the Commission.   
There were several demands for the appointment of a SPC to inquire into the 2015 bond scam which caused ripples across the country.   

Former COPE Chairman DEW Gunasekara requested the President to appoint an SPC to probe the scam because a legal process initiated by the Attorney General would be time consuming.   

It was also one of the recommendations by the ministerial committee appointed by the President to probe the scam.   
State Minister of Finance, Lakshman Yapa Abeywardana, who was one of its members said the nine-member committee found a series of cases of financial mishandling, leaking of information, miscalculation, instances of conflict of interest and mismanagement. 

“We discussed the bond scam and the AG’s report with professionals, bankers, accountants and auditors. We hope President Sirisena will take appropriate action after going through our report. He will also discuss the recommendations with the AG before deciding on the next course of action,” he said. “Our position is that there has been a fraudulent act involving the bond issue and the perpetrators must be brought before the law and the filthy lucre they have amassed must be returned to the Treasury.”   

Other members of the committee were Ministers Nimal Siripala De Silva, Susil Premajayantha, Sarath Amunugama, Anura Priyadahrsaha Yapa, John Amaratunga, Dayasiri Jayasekara, State Minister Dilan Perera, Deputy Minister Lasantha Alagiyawanna and Kesara Lal Gunasekara.