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Foisting Responsibility For The Bond Scam On My Government

By Mahinda Rajapaksa – It is with regret that I inform the public of a diabolical attempt by the yahapalana authorities to foist the blame for the Central Bank bond scam on my government. The established practice in relation to government finance is that towards the third week of each month or even earlier, the […]

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World Bank Distances Itself From Arjuna Mahendran’s Bond Scam

The World Bank has officially distanced itself from the controversial Central Bank bond scam committed by ex-Governor Arjuna Mahendran citing that they are not aware of the international best practices to accurately calculate the potential loss in the case of the past bond auction. In a letter addressed to M. S. B Ekanayake, Secretary to […]

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Sirisena Appoints Presidential Commission To Investigate Bond Scam

As promised last week, President Maithripala Sirisena has today appointed a three member special presidential commission to investigate the bond scam at the Central Bank, allegedly committed by ex-Governor Arjuna Mahendran. The commissioners comprises: Supreme Court Judges Kankani Tantri Chitrasiri, Prasanna Sujeewa Jayawardena and retired deputy Auditor General Velupillai Kandasamy. In a tweet on Sunday, Sirisena said, “I […]

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Maithripala To Appoint Presidential Commission To Investigate Bond Scam

Months after the Committee on Public Enterprises (COPE) found ex-Central Bank Governor Arjuna Mahendran guilty, President Maithripala Sirisena on Sunday said that he will appoint a special presidential commission to investigate the bond scam at the Central Bank. In a tweet on Sunday, Sirisena said, “I will appoint a Special Presidential Commission of Inquiry this […]

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Alleged Bond Scams: Some Questions For The Government

By Laksiri Fernando – The lead article of The Island newspaper (22 November) on “Bond Scams: PM says Govt. Awaiting AG’s Instructions” written by Saman Indrajith has raised several public interest and public policy issues. As he has reported, the Prime Minister has stated in Parliament that “The Attorney General instructed the government to obtain […]

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Bond Scam: Simple Unstudious Advise Cost Us Heavily!

By Hema Senanayake – Ranil Wickeramesinghe’s unstudious instruction did cost Arjuna Mahendran his career, cost the government to bear losses exceeding Rs.1.6 billion and it cost the UNP its integrity. In regard to the sale of government bonds, Prime Minister Ranil Wickremesinghe told the parliament that, “I insisted on a public auction because private placements have led […]

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Ranil To Dodge ‘Bond Scam’ Through AG Bureaucracy

Following the comprehensive report by the Committee on Public Enterprise (COPE) on the scam involving the sale of the Treasury Bonds in the Central Bank, Colombo Telegraph learns that Premier Ranil Wickremesinghe has no procedural authority to forward a report to the Attorney General. “This sending of the report is a complete sham by Ranil, […]

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Sirisena Wants Judiciary To Decide On Central Bank Bond Scam

President Maithripala Sirisena today declared that the Treasury Bond scam at Central Bank must be an issue left for the judiciary to decide upon, sans interference from politicians. Speaking at an event in Maharagama, Sirisena said that an impartial ruling without political interference will only be reached by the judiciary, hence the bond scam which […]

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Arjuna Mahendran’s Bond Scam May Crack Coalition Into Two

Slight cracks in the Yahapalanaya Government have surfaced just days since the COPE report on the Central Bank Treasury Bond was released, with ministers from the Sirisena camp threatening to involve the Interpol amidst reports that ex-Governor of Central Bank, Arjuna Mahendran has fled the country. Highly placed political sources said that the COPE report […]

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Bond Scam: Joint Opposition Wants Bribery Commission To Investigate Ranil And Arjuna

The joint opposition today lodged a complaint against Prime Minister Ranil Wickremesinghe and ex-Governor of Central Bank Arjuna Mahendran, requesting the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) to investigate both over their role in the Treasury Bond transaction. The request signed by 11 Parliamentarians representing the Joint Opposition group, was handed over […]

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