What happened to the Presidential Commission Report on the Bond Scam?

What happened to the Presidential Commission Report on the Bond Scam?

What happened to the Presidential Commission Report on the Bond Scam?

Written by Nathasha De Alwis

09 Apr, 2018 | 10:20 pm

COLOMBO (News 1st) – Legal experts say that the Attorney General can initiate legal action on the bond scam on the basis of the findings of the Presidential Commission of Inquiry (PCoI).

Here is a recap of events that have transpired since the report was presented.

30th December 2017

  • Report of the Presidential Commission of Inquiry on Bond Issuances presented to the President.
  • PCoI recommends that steps be taken to recover defrauded funds and punish the perpetrators.

23rd January 2018

  • PCoI report tabled in Parliament.

06th February 2018

  • Debate on the Bond Commission report in Parliament.
  • 20th & 21st February allocated additional days for the debate.

20th February 2018

  • Protest from TNA MP M.A. Sumanthiran noting that a debate cannot be held without the Tamil translation of the report.
  • Debate postponed until the translation is completed.

21st March 2018

  • A No-Confidence Motion against the Prime Minister.
  • 11 of the 14 allegations in the motion deal with the alleged bond scam.

05th April 2018

  • Prime Minister is victorious against No-Confidence Motion. TNA extends support to the PM.

04th February 2018

  • Owner and CEO of Perpetual Treasuries are both arrested after CID makes submissions to court based on a complaint by the Governor of the Central Bank.

29th March 2018

  • Warrant issued for the arrest of the former Governor of the Central Bank – A Red Notice is sought.

Three months have elapsed since the PCoI presented its report. Why is the law not being enforced based on the findings in the report?


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