Voice Against Corruption responds to CBSL’s fresh bond announcement

Voice Against Corruption responds to CBSL’s fresh bond announcement

Voice Against Corruption responds to CBSL’s fresh bond announcement

Written by Bella Dalima

21 Mar, 2015 | 9:10 pm

Shortly after the news item on CBSL’s fresh bond announcement was telecast on the main 7 p.m. news bulletin on Sirasa TV, Wasantha Samarasinghe, convener of the Voice Against Corruption movement, contacted News 1st and expressed the following views:

I saw an announcement by the Central Bank on a fresh bond issue being aired on your bulletin. I was amazed. Announcing the bond issue is a duty of the Central Bank. What happened the last time was that it was indicated that they wanted to raise 1 billion and that suddenly increased to 10 billion after the auction.

Through this the son-in-law, father-in-law and daughter got together and committed major financial fraud. The interest rate was also increased by several percentage points. After being caught red-handed, they are now making this announcement.

In the future as well, it is the duty of the Central Bank to make public announcements about bond issues. This is not anyone’s personal inheritance. Similarly, the disciplinary inquiry into the previous incident should also be conducted with transparency.

So what the government should do now is, instead of showing that they have rectified the matter and are making public announcements now, they should also take steps to mete out punishment to those responsible and ensure transparency in bond issues.

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