Statement on CBSL Bond Scam expected in coming weeks – revelation at Cabinet Media Briefing

Statement on CBSL Bond Scam expected in coming weeks – revelation at Cabinet Media Briefing

Statement on CBSL Bond Scam expected in coming weeks – revelation at Cabinet Media Briefing

Written by Staff Writer

12 Oct, 2016 | 8:22 pm

It was revealed during the Cabinet Media Briefing held today  that the current Governor of the Central Bank will be issuing a statement on the Central Bank bond scam in the next few days.

Charges have been levelled that the government suffered extensive losses due to actions related to the 2015 February and 2016 March bond issuance.

Civil activists charge that primary dealer Perpetual Treasuries which is allegedly owned by Arjun Alyosius, the son-in-law of former Central Bank Governor Arjuna Mahendran, earned an extraordinary profit through this.

Meanwhile, many views are being expressed on a leaked Central Bank internal report on Perpetual Treasuries.

Acting Cabinet Spokesperson Deputy Minister Karu Paranavithana said that the COPE committee is conducting an investigation on the Central Bank, and that this report will be released soon, adding that the Central Bank will also provide an explanation in the next few days

Minister Lakshman Kiriella also expressed his views on the COPE Report and the Bond scam, during an event in Kuliyapitiya.

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