Friday, March 6

Tag: bond Issuance

Sri Lanka parliament debates Presidential Commission reports on bond scam and serious frauds
6Feb By Faraz ShauketalyNo Comments
LOCAL

Sri Lanka parliament debates Presidential Commission reports on bond scam and serious frauds

Sri Lanka parliament today held a special session to debate the reports of the two presidential commissions of inquiry that probed into the irregularities in Central Bank bond issuances and serious crimes of fraud and corruption during the previous regime. Speaking at the debate General Secretary of the United People's Freedom Alliance Minister Mahinda Amaraweera said it is commendable to note that for the first time in history the recommendations of a commission report is being carried out effectively. Deputy Minister Dr Harsha De Silva stated that the government has taken appropriate action concerning the bond commission report. It proves that the COPE committee report that preceded this report, is accurate. He pointed out that there are some who have not studied these reports, but...
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UNP Committee appointed by PM says MP Ravi Karunanayake should not exercise any duties as UNP Assistant Leader
31Jan By Faraz ShauketalyNo Comments
LOCAL, Main Story

UNP Committee appointed by PM says MP Ravi Karunanayake should not exercise any duties as UNP Assistant Leader

The three-member committee appointed by the Prime Minister Ranil Wickremesinghe to study the Presidential Commission report on the Central Bank Treasury Bond issuance has recommended that the parliamentarian Ravi Karunanayake should not exercise any duties as UNP Assistant Leader until the investigation on the bond issue was over. Issuing a statement, General Secretary of the UNP said in the Report of the Commission of Inquiry on the issuance of Treasury Bonds, there are no findings against any member of the United National Party including MP Ravi Karunanayake in regard to the issuance of Treasury Bonds. However, the Commission of Inquiry has decided that the Attorney General and the Bribery Commission should determine whether action should be taken against MP Ravi Karunanayake, unde...
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President, party leaders discuss future action to implement recommendations of Bond commission report
30Jan By Faraz ShauketalyNo Comments
LOCAL

President, party leaders discuss future action to implement recommendations of Bond commission report

Maithripala Sirisena held a special meeting with the party leaders at the Presidential Secretariat yesterday (29) to discuss future steps to be taken on the report of the Presidential Commission of Inquiry into the Bond Issuance of the Central Bank. During this meeting, discussions were held regarding filing legal cases against those who were involved in the scam and recovering the losses to the government. Attorney General (AG), the Governor of the Central Bank (CB) and the Director General of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) explained in detail about the progress of action taken by them against those implicated by the report. It was also revealed in the meeting that new laws and amendments to existing laws are currently being considered...
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Bond Commission Report made public online
18Jan By Faraz ShauketalyNo Comments
LOCAL

Bond Commission Report made public online

The final report of the Presidential Commission of Inquiry into bond issuance has been published online on the President's official website. On 16 January, the Secretary to the Bond Commission that inquired into the Issuance of Treasury Bonds forwarded the Soft Copy of its Final Report, which was handed over to the President on 30th December 2017. At a meeting held at the President ordered the relevant authorities to release the report online so it can get the attention of the general public. "Keeping my promise of transparency, the report of the Commission of Inquiry on the Issuance of Treasury Bonds is now available in English," the President said in a Twitter post. The report and the relevant annexures can be downloaded from http://www.presidentsoffice.gov.lk/?p=4978
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President promises to implement recommendations of commission reports to ‘punish thieves and recover money stolen from public’
18Jan By Faraz ShauketalyNo Comments
LOCAL

President promises to implement recommendations of commission reports to ‘punish thieves and recover money stolen from public’

Maithripala Sirisena yesterday assured to take action to implement the recommendations made in the reports of the two Presidential commissions in order to "punish the thieves and recover the money stolen from the public." The President said, he launched a special program today to take necessary legal action to implement the recommendations in the reports of the Presidential Commission of Inquiry (PCoI) into the Bond Issuance of the Central Bank of Sri Lanka and the report of the Presidential Commission of Inquiry to Inquire and Investigate into Serious Acts of Fraud and Corruption (PRECIFAC), The President held a discussion today at the Presidential Secretariat with relevant authorities to discuss the actions need to be taken on the final reports of the two commissions. The discussio...
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Speaker assures transparency on bond commission report
18Jan By Faraz ShauketalyNo Comments
LOCAL

Speaker assures transparency on bond commission report

The Speaker of Sri Lanka parliament Karu Jayasuriya assured that parliament's responsibility on behalf of the people will be fulfilled ensuring transparency regarding the reports of the presidential commissions that were handed over to the parliament on Wednesday. The President's Office handed over the final report of the Presidential Commission of Inquiry (PCoI) into the Bond Issuance of the Central Bank of Sri Lanka and the report of the Presidential Commission of Inquiry to Inquire and Investigate into Serious Acts of Fraud and Corruption (PRECIFAC) to the Secretary-General of Parliament this morning. Speaking at a special press briefing today, the Speaker said the next step on the reports will be discussed at the party leaders meeting on the 22nd of this morning and added that he...
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Bond Commission report and PRECIFAC report to parliament today
17Jan By Faraz ShauketalyNo Comments
LOCAL, Main Story

Bond Commission report and PRECIFAC report to parliament today

The final report of the Presidential Commission of Inquiry (PCoI) into the Bond Issuance of the Central Bank of Sri Lanka and the report of the Presidential Commission of Inquiry to Inquire and Investigate into Serious Acts of Fraud and Corruption (PRECIFAC) will be handed over to the Secretary-General of Parliament today. The Secretary to the President Austin Fernando had recently promised that these reports would be forwarded to Parliament in response to a request made by the Speaker Karu Jayasuriya on 9th January. Speaker Karu Jayasuriya on the request of party leaders asked the President to submit the final report prior to the debate in parliament on 10th January. However, due to lack of time, the report was not handed over to the parliament for debate when a special session of t...
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Sri Lanka Central Bank confirms conducting a forensic audit into past bond issues
17Jan By Faraz ShauketalyNo Comments
Business

Sri Lanka Central Bank confirms conducting a forensic audit into past bond issues

The Central Bank of Sri Lanka confirmed yesterday that in response to the numerous requests, the Bank will conduct a forensic audit into the issuance of Treasury bonds during the period from 2008 -2014. In a statement issued today, the Central Bank declining to provide more details, said the audit will focus on government securities and EPF operations during the period 2008-2014 and it would be conducted by an external party. The full statement issued by the Central Bank: There has been a call for an immediate statement from the Central Bank of Sri Lanka on whether there have been any irregularities in the issuing of government securities during the period 2008-2014. In this connection, attention is drawn to the Statement issued by the Monetary Board of the Central Bank of Sri ...
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President to table Bond Commission report in parliament on January 17, President’s Secretary explains delay
11Jan By Faraz ShauketalyNo Comments
LOCAL

President to table Bond Commission report in parliament on January 17, President’s Secretary explains delay

Pandemonium broke out in Sri Lanka parliament yesterday when Prime Minister Ranil Wickremesinghe commenced his special address to the parliament on the report of the Presidential Commission of Inquiry into the Bond Issuance of the Central Bank of Sri Lanka. Speaker Karu Jayasuriya on the request of party leaders has asked the President yesterday (09) to submit the final report of the Presidential Commission of Inquiry (PCoI) into the Bond Issuance of the Central Bank of Sri Lanka prior to the debate in parliament today. When the Speaker announced that he did not receive the report from the President on Wednesday (January 10), angered joint opposition parliamentarians have protested the Prime Minister's speech and a scuffle between joint opposition MPs and government MPs ensued. Th...
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Sri Lanka Election monitor calls on President to make the bond commission report public
1Jan By Faraz ShauketalyNo Comments
Business

Sri Lanka Election monitor calls on President to make the bond commission report public

An election monitor and an anti-corruption watchdog in Sri Lanka has requested the President Maithripala Sirisena to immediately make the final report of the Presidential Commission of Inquiry into the Central Bank Bond Issuance available to the public. Speaking at a media conference in Galle yesterday, Executive Director of Campaign for Free and Fair Elections (CaFFE) Keerthi Tennakoon has requested the President to promptly release the special 1400-page report, which was handed over to the President yesterday by the chairman of the commission Supreme Court Justice K. K. Chithrasiri, to the public. The President appointed the Commission of Inquiry on 27th January 2017 to investigate, inquire into and report on the Issuance of Treasury Bonds during the period 01st February 2015 to 31...
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