Bond Commission term extended by 23 days TO

Published : 9:01 am  December 8, 2017 | No comments so far |  | 


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December 31, 2017 

By Shehan Chamika Silva  
President Maithripala Sirisena has decided to extend the term of the Presidential Commission of Inquiry (PCoI) into Bond issuance by 23 days up to December 31, 2017 – for the fourth time through a special gazette notification, .  


The term of the PCoI was scheduled to end on December 8, 2017 (today) and the report on the bond inquiry was expected to be handed over to the President.  

However, following this extension of 23 days, the PCoI’s report would be submitted to the President on or before December 31, 2017.  The three-member committee consisting Supreme Court Judges Kankanithanthri T. Chitrasiri, Prasanna Sujeewa Jayawardena and former Deputy Auditor General Kandasamy Velupillai were elected on January 27 to investigate the Central Bank bond issue.  The PCoI was to end the term firstly on April 27, but its term was extended till July 27.  

However, in July the President issued a Gazette extending the term of the PCoI for another three months which ended on October 27. And again the tenure was extended for the third time for six weeks till December 8, 2017.  
The PCoI concluded its inquiry on November 20, 2017 following the testimony of Prime Minister Ranil Wickremesinghe and is currently in the process of preparing the report which is to be submitted to the President.