Collapsing Administration-Chapter 5: Greek Bond makes encore while CBSL Bond transaction struggles to hit center stage

Collapsing Administration-Chapter 5: Greek Bond makes encore while CBSL Bond transaction struggles to hit center stage

Collapsing Administration-Chapter 5: Greek Bond makes encore while CBSL Bond transaction struggles to hit center stage

Written by Tharushan Fernando

18 Dec, 2016 | 9:07 pm

27th February 2015 :The first controversial bond transaction under this government (660 days)

29th March 2016 :The second controversial bond issue under this government (264 days)

However the CBSL bond issue, which has been a costly endeavour seems to miss the investigative spotlight, whilst other issues are being brought up and being given center-stage.

Minister of Finance,Ravi Karunanayake said that a request was made from the Bribery and Corruption Commission to investigate four matters. Ravi Karunanayake“One is the hedging deal, the other is the purchase of Greek bonds, we have named the Governor of the Central Bank in this matter”, he explained. The Minister of Finance explained that investigations have been open into the Greek bonds and other cases that caused financial losses to the country but the report on the hedging deal worth 64 billion rupees has not been submitted as yet.

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