President to make statement on PCoI report tomorrow

Published : 12:00 am  January 2, 2018 | No comments so far |  |  (62) reads | 
  • The PCoI report was handed over to the President last Saturday
  • The report on the CB bond scam consists of 1,400 pages with some 100 annexures
  • The CB bond scam is reported to have been the most controversial and much talked about and debated issue in recent times
  • The 1,400-page report includes around 100 annexures and evidence of 70 witnesses including Prime Minister Ranil Wickremesinghe

MB_1By Sandun A Jayasekera

President Maithripala Sirisena will make a special statement to the media tomorrow on the Presidential Commission of Inquiry (PCoI) report on the Central Bank bond scam, the Presidential Media Division said yesterday.  

The PCoI Chairman, Supreme Court Judge K.T. Chithrasiri, who was accompanied by the other two members Supreme Court Judge P.S. Jayawardana and retired Deputy Auditor General V. Kandasamy presented the report to the President last Saturday in the presence of Presidential Secretary Austin Fernando and PCoI Secretary S. Udugamasuriya.   


The CB bond scam is reported to have been the most controversial and much talked about and debated issue in recent times and raised several questions about the part played by the then CB governor Arjuna Mahendran.Allegations were levelled against the CB on insider trading and the huge profits made by his son-in-law Arjun Aloysius, who was known to have ammased huge profits in stock market trading by his company Perpetual Treasuries Ltd. Amid pressure from various quarters, the President appointed the three-member Commission of Inquiry on January 27, last year to inquire into the CB bond sales from February 1, 2015 to March 31, 2016. The 1,400-page report includes around 100 annexures and evidence of 70 witnesses including Prime Minister Ranil Wickremesinghe, who appeared 
before the PCoI. 

 

 

The CB bond scam is reported to have been the most controversial and  much talked about and debated issue in recent times and raised several  questions about the part played by the then CB governor Arjuna Mahendran

 

 

 

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