Ex-Governor of the Central Bank, Arjuna Mahendran has been found guilty by the Committee on Public Enterprises (COPE) in the Treasury Bond Scam.
The Colombo Telegraph has managed to get a copy of the draft report by the Committee Chairman Sunil Handunneththi, which has been endorsed by majority of the members, except for the UNP members in the committee. The report will be presented in Parliament this week.
Arjuna Mahendran
COPE in its final report on the investigations into the Treasury Bond scam has ruled that Mahendran is ‘directly responsible’ for the 2015 and 2016 bond scams.
“Arjuna Mahendran is directly responsible in the 2015 – 2016 bond transactions, and therefore, legal action must be taken against him and the other officials who were involved in the transaction and steps must be taken to recover the loss from him,” the report by COPE Chairman Sunil Handunneththi said.
In his report, Handunneththi has also recommended that a mechanism be put in place to ensure the transparency of such transactions in future, and safeguard the confidence of the Central Bank.
The COPE report has also recommended that a law enforcement agency must carry out an investigation into Perpetual Treasuries Limited and how it received undue advantage as a primary dealer from the Central Bank.
“Investigations must also be conducted as to how Perpetual Treasuries Limited recorded a very high profit in a relatively short period of time,” the report by Handunneththi said.
The COPE report, which was drafted after months of investigations and evidence gathering, has not been signed by the UNP members in COPE, who have announced that they will issue a separate report on the Treasury bond scandal, in their effort to safeguard Mahendran despite his direct role in the scam.
Perpetual Treasuries Limited is linked to Mahendran’s son-in-law, Arjun Aloysius. Perpetual Treasuries recorded a profit of Rs. 5.1 billion for the year ending March 2016, an increase of 430% in profits in comparison to the previous year.
Ganjapani Gorakapola / October 24, 2016
The Colombo Telegraph’s commitment to ‘do the right thing’ and ‘uphold high standards of journalism’ has been trashed by actions such as this.
Leaking a confidential report is corruption and Colombo Telegraph profiting from corrupt actions is seen as as terrible let down to the true believers.
BTW, the COPE report is not final is under line by line review by the 24 members, today (Mon 24 Oct).
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Rabok / October 24, 2016
CT had done nothing wrong you I… – wrong is wrong whether it is done by UNP affiliates or otherwise – Yahapalanaya cam to power to clean the corrupt system – So all the roughs should be punished – I hope Arjun M will open his mouth and say why he had to manipulate bond issue so that not only AM – all the others took part could also be punished – Mr Gamrala – the ball is back in your court – now act
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Silva / October 24, 2016
Ganjapani Gorakapola,
No use arguing with fools like Rabok who are wanking looking at the courts complex. CT too is scavenging on gossips and prejudices. Cope Chair [Edited out] was such a loser that he ran away from his office! No sane man would believe all the gossips spreading throughout the internet and other medias without reading the whole report. In any qualified court the verdict is pronounced as the last act after explaining the reasons that led to the decision. But here in CT forums and elsewhere in the medias every jackass is chanting a set of rubbish words as the cope decision! I often wonder whether the most diotic people out of the whole world live in Sri Lanka! I am 1000% sure that some silly [Edited out] will poke his nose into my comment and try to be the judge of bond scam!
Because of the existence of these fools look what My3 did recently: His son brat did the darn thing at the night club as the media put it. Then what did My3 do to save his face? He killed several birds with one stone. He swept his son’s case under the carpet by forcing public attention to this stupid talk-but in fact not so stupid! He made Rajapakshas postpone the creation of a new party. He brainstormed the SLFPers and tried to create a pro My3 nische in their minds. He saved Gota. He saved his buddy Rajitha who was on the pipeline to be sued for contempt of FCID by Dilrukshi. He gave oxygen and time and rallying space to Rajapakshas and anti coalition government elements hoping to harness the force thus created towards his gain. He jeopardized, interfered with the freedom and independence of the crimes and corruption investigating bodies. Rajapakshas are now using that space to inflame this country using racial conflicts. These are all premedicated, calculated and well planned. Even the bond scam is a well thought out plan to divert attention away from real corruption done in Rajapaksha wanachara decade. No [Edited out] is emitting a fart about stratospheric crimes and corruption done under Rajapakshas supervision. For example Rajapskshas digged out all the ancient treasure troves in the historical places in the country. How did they find them? Anybody remember that famous hora Yakadaya gave a “Mantharapotha” to MAR those days!? That was the beginning of this massive robbery. That book contained not manthara but the plans and directions to the ancient treasure troves in the country? Has Yakadaya been questioned!? Then how did that marvelous elephant got killed during transportation? Any investigation going on? Those days they said the elephant was killed in a witchcrafting scheme to dispel bad karma of MARA! ……..
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Rabok / October 25, 2016
Mr. Silva
Truth is a bitter pill to swallow – truth will always prevail and will be the right pill for the ailing Sri Lanka – by trying to suppress the truth you and other small brain idiots like you are vividly exposing your “Heluwa” – Mr Gamarala also exposing his “Heluwa” for sometime – all of a sudden he apparently understood that he is not wearing cloth – and now trying to cover himself in a hurry – sometime with wrong type of cloths also – but my advise – COPE cloth is a good one – may be bit heavy to wear – but you will not get something like this –
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Silva / October 25, 2016
Rabok,
“small brain idiots like you are vividly exposing your “Heluwa” “
Come and see me tonight. I will show my Heluwa for you to kiss and suck. What fucking truth are you talking about? Is it the truth of Angilikota-less UNP COPE recommending Allosius be investigated? I don’t simply understand your fucing truths and logics. Please educate me.
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Samuel Jayaweera / October 24, 2016
This is not the first time ever in history that billons of frauds have been exposed by COPE.
So, i really dont think the kind of exposures can influence the govt and their march that much.
At least them to be go for investigations shold be done – in order to fulfil the pledges made to the people – NO TO CORRUPTION AND ABUSES.
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Samuel Jayaweera / October 24, 2016
I sstill beleieve, AM is the scapegoat here.
But all this will come to surface next days.
Bt it is pitty this issue has a greater impact on Rajakashe crime and high profile corrutpoins that could threofre be buried in the days to come.
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Dr.Rajasingham Narendran / October 24, 2016
Samuel Jayasekera,
I concur with your sentiments. Is COPE as presently constituted capable of unraveling the truth? Is our parliament capable of passing an informed judgement? I do not hold any brief for Arjuna Mahendran. If he was a crook and a thief, could he have held the high poisitions he did abroad, particularly in Singapore? Did his son-in-law get involved in bond dealings only after Arjuna Mahendran became the Governir of the Central Bank? Were the bond issues since January’ 2015 , the interest rates agreed and their durations, the largest or longest ever?
My main question is whether the bond issues prior to January’2015, investigated and found above board? Was Ajit Nivaad Cabral above board? Was his tenure investigated in terms of bond issues?
I am against any person’s reputation being sullied by a political/ public Witch hunt. The same has been done to Dilrukshi Dias Wickremasinghe. Maitripala has knocked down two persons holding high office, without proper investigations. Mahinda did the same to former Chief Justice, Shirani Bandaranayake, not too long ago.
Dr.Rajasingham Narendran
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Dr.Rajasingham Narendran / October 24, 2016
Sorry-Samuel Jayaweera.
Dr.RN
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Perriamama / October 24, 2016
Dear man, if Mahendran is indeed “unsullied” as you claim and above reproach, then pray tell me why oh why did UNP Leader Ranil W appoint 3 UNP stooges to investigate him initially and exonerate him.
If he was truly not guilty, he could have easily found 3 upstanding individuals to carry out the investigation. The fact that he did not and had to turn to 3 UNP stooges is evidence enough that something fishy went on.
So not investigating the previous malpractices means that this should not be old man?
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Samuel Jayaweera / October 24, 2016
You are dead right. Only headless would disgree with you.
Singapore and Saudi the kind of countries are very strict in their regulations – as nothign can allow them the kind of high profile frauds. Even today, Mr AM is one of the favourite banker of Singpore.
These men with low knowledge about the world – I mean JVPers cant corner suchpersonalities this way even if auditor general would continue saying that.
These aare based on presumptions and probabilities.
I respect JVPrs being so vehment, but most of them have not seen it so fine the way it should have been. SO just to attack AM this way is beyond all high standards.
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Simon De Silva / October 24, 2016
Even if you would not use the prefix – Dr. your comments make you a doc here. that is what I can say – I fully agree with your thoughts above. Person s reputation is everything. Now the scam issue have made the person all evil man – specially among the JVP led rural masses/ Rajapakshe led gulliable masses. FOR THEM ANYTHING AND EVERYTHING THA TWOUDL DROP DOWN FROM RAJAPAKSHE ORIFICES ARE FACTS. I have no doubt, New Zealand farmers could make billions if they would export their grass instead of milk to srilanka, since most living in this torn island are grass eaters. Provable ones.
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Seelawathie Jayasinghe / October 24, 2016
Whatever they have been spreading –
AM and RW have no records on money abuses before.
In contrast to these both, Rajapakshes had been branded as tSUNAMI embezzlers even before he entered to Presidential office. And there had been open cases against Basil too. They had been record makers in abusive funding related issues.
Besides, we perfectly kknow how the systems work against high profile corrutpioin in S pore AND other devloped countries …… so some may have not even seen s pore to make postulations going agianst AM…..
– there is no room there for high crooks, if he had ever been such beofre joining lanka.
—————> THERE YOU WILL SEE IT IN THE FUTURE WHO AND HOW POTENTIAL/ACCURATE AM WILL BE———–
AM, you will see – Truth will succeed. JVPrs will have to prove something else to win more seats in the next parliament.
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Samuel Jayaweera / October 24, 2016
Now the parties and media men would stand against you since you too are tamil srilanken. I know how the lanken media men make it.
This country has no room for truthful information to go viral so long they eat grass further.
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Rabok / October 25, 2016
Dr R – you are becoming too much idealistic – by nature humans are greedy – they will never be content – however these greedy seeds in us will not grow when the prevailing conditions are not conductive – like in Singapore – because of the fear of repercussions – but in a Country where corruption is rampant and is a way of life – those greedy seeds will flourish – Say Mr A is not corrupt and he had to manipulate the bond issue on the instruction of his employers – then as a honest man Mr A could have refuse and resign – which he did not do – because his greediness overtook his logic
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Dunken Leutheuser / October 24, 2016
In the same manner, scape goat of previous Regime under MR was RW.
Those talks to have held coffee meetings were blatant lies. Media men worked for that to paint the picture that way, but RW was like sigiriya rock – never fell down. I still believe in RW and his clean and able politics than politics of dregs of society such as Rajapakshes.
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len / October 24, 2016
Don’t try to shoot the messenger with a water pistols. You are correct in one sense by the time RW & his cronies finish with this report Arajuna Mahendra will be exonerated and will be given a bonus for his performance.
This sorry saga is no better than what MR did with Cabarala when he was at the helm of RB. In fact this is worst because MS & RW came with pretense of cleaning corruption.
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ahmed / October 24, 2016
there’s nothing wrong in leaking information to the general public which is in relation to the country we live in. after all we are the people who voted these so called politicians into high office so we’ve got all the right to know as to what’s happening in the country..
and all in all I’ll applaud Colombo Telegraph for upholding public trust and guiding the general public with such vital information..
keep up the good work CT, your the only impartial mode that we could count on, so we’ll always be with you no matter what happens..
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KA Sumanasekera / October 24, 2016
Aiyo Mahendran……
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Native Vedda / October 24, 2016
KASmaalam KA Sumanasekera
“Aiyo Mahendran……”
Aiyo Sri Lankans
Aiyo Dalits
Aiyo Vellala
Aiyo UNP, SLFP, TNA, JVP, JHU, …………………..
Aiyo 21 Million
Aiyo KASmaalam, Aiyo KASmaalam, Aiyo KASmaalam
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Silva / October 24, 2016
KA Sumanasekera,
“Aiyo Mahendran…”!
[Edited out]
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arjuna / October 24, 2016
Yahapalanaya biggest thief, why the hell we have imported a thief to run our CB, he will go to jail once return Singapore do not protect any of this low life mugs , apply rule of law to everyone equally
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Amarasiri / October 24, 2016
Committee on Public Enterprises (COPE),
RE: Exclusive: COPE Says Arjuna Mahendran Is GUILTY In Bond Scam
Now What? The Prime Minister or the President will make an announcement saying that the Law does not apply to them, and except like Gotabaya Rjapaksa ,Mahinda Rajapaksa and Cronies?
What is Yahapalanaya, Good Governance anyway?
Just Curious!
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Douglas / October 24, 2016
CT: Now the Government will “Forget” the main case that will be discussed in the COPE report and go after the “Whistle Blower” who leaked this “Draft” to you. That is what happened in the case of that “Leaked” report of the Central Bank. Now that report is forgotten and the Investigators are busy looking for the person who leaked it. Already a staff officer has been questioned. So will be the fate of this “leaked” COPE report. But hopefully the Public will keep it rolling on until properly addressed by the Government.
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Amarasiri / October 26, 2016
Douglas
“CT: Now the Government will “Forget” the main case that will be discussed in the COPE report and go after the “Whistle Blower” who leaked this “Draft” to you. “
Yes.
It is like accusing Galileo for disclosing and promoting the Heliocentric Model of the solar system when the Church was claiming the Geocentric system.
For that Galileo was punished.
Now the “Whistle Blower” who leaked, disclosed this draft will be expunged and punished.
Are we in the 17th century or in the 21st century?
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Chands / October 24, 2016
In our paradise island, anyone in the inner circle of the leaders is not held accountable for any crimes or misdemeanors. It only means they are protected and their crimes swept under the rug. They are the privileged citizens of this country. It all depends on your connections and who you know.
From the young thug Daham to Arjuna Mahendran, the wheels of justice seem to take an abrupt stop.
It was the same story with the earlier regime.
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paddy / October 24, 2016
This was pretty obvious from the start to all but the UNP hierarchy.
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len / October 24, 2016
paddy
UNP hierarchy better word is UNP cronies.
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gobbaya / October 24, 2016
Come on Ranil! Remove your squinted sight in favour of Royalist friends. Did Dilrukshi resign because of impending threat? Be impartial ! That is YAHAPALANAYA!!!
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words / October 25, 2016
Of course she resigned because of this impending report!
What a mess.. Ranik must learn to keep his boyfriends out of governance.. nepotism again!
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Disgusted / October 24, 2016
SHAME on the UNP members of COPE who are attempting to derail the COPE investigation and report in order to protect Ranil and Mahendran.
Punish the guilty – including all those who have tried to intimidate the procedure.
And also, as Handunneththi said, “Investigations must also be conducted as to how Perpetual Treasuries Limited recorded a very high profit in a relatively short period of time”.
Time for Ranil and Maithripala to stop playing games!
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Seelawathie Jayasinghe / October 24, 2016
Like or not it is a body consissting of several party memembers. So it is no means right to block UNPers views.
Handunneththi or others may be right if all would have been proved. This is a complex issue, before finishing it going for conclusions is silly.
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D.Nimal / October 24, 2016
CB ex-Governor of Arjuna Mahandaran is culprit of the inside-CB of that Bond Trading is serious matter which Crime that committed against Public funds by UNP -led Ranil W… political ideology and their allies. This has nothing do with Democracy of Good Governance.
This need sever punishment come under the Court of Law and “Rule of Law “that advocated by MS led “Good Governances”. Hope and wish MS deal with fair play not that UNP leader played in and out that by the foul play in Court of law.
All enforcement authority come under that President and Primer-Minister and their Executives must act on impartibility and fair rule apply to discovered Financial malparticites by ex-CB Governor and his son-in Laws Primer Traders Com. has been involved in inside Bond Trading of CB. This is People Interest and their WISH!
One of the most striking characterise of today tat MS led Governances and that this UNP alliance led by Ranilw..is triviality, narrowness and factual inaccuracy of our political reading and their conversations. That is why UNP denied Social sustainability and social capital are key and central of democracy and ruling UNP alliances getting governments to act on the wrongful manner. That is why such crime not suited moral of democracy but it lost nation funding of Economy.
This is why that inside Bond Trading of CB is PUBLIC FUNDS is crime against People of all nationalities of Sri Lankan.
This crime has visible known the fact says that against blanket relationship with UNO new corruptions convention by authority in power and adding and abating by UNP leader in Executive-New power hand over to by 19th Amendment after 2016 New change of Republic Constitution has been an openly violate by publicly leader of UNP Ranil W…MS and CBK?
This is a great betrayal 2015 January 9th 6.2 million voters mandate has been promised to Presidential Election led by MS, New UNP leader CBK of Federalist of SLFP and UNP-Leaded of Ranil W…
The motto of Election was 2015 January against “Corruptions” and eradication corruptions once and for all!!!!!!
Now time has come settle an issues of Corruptions by current ruling party of UNP led alliances. Hence why social cohesion and a functions DEMOCRACY are important in Sri lanka?.
The very “Democracy” and “Corruptions” cannot go togethers.
The People of Sri Lankan want prompted action against Corruptions, NOT in words but In deeds.
We want increasing social capital and cohesion makes democracy work properly for a sustainable future of our soil.
We are looking for newly innovated Democracy without corruptions in Capitalism, Is that Possible?
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Adrian / October 24, 2016
RW is equally guilty. Will RW resign like Cameron?
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len / October 24, 2016
Pigs will fly without wings before RW ever contemplate to resigned.
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Govinda / October 24, 2016
Exclusive: COPE Says Arjuna Mahendran Is GUILTY In Bond Scam
COPE says he is guilty, the other group of UNP members in COPE says he is not. So how does the final report comes out.
Is this Yahapalanaya
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Don Stanley / October 24, 2016
We do not want any more delays and another Presidential Commission into the Bond Scam.
The legal process to arrest and try Mahendran and Perpetual Treasuries MUST start NOW!
It has taken one and a half years and the SL economy is in a major crisis. Handunetti as Chair of COPE must lead from the front and refuse to table the UNP story, though it will be interesting to see how UNP spinners will expose their corruption in filing another report.
FDI to SL stopped when Mahendran took over CB and also when Nivard Cabraal was looting the CB. Mehndran and Ajith Nivard Cabraal should be tried and held accountable for their financial crimes at CB.
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jim softy / October 24, 2016
Ranil Wickramsinghe before taking over the govt, reminded people about Dasa Rajapa Dharma na dhow Lichchavi Kings goverened their country.
Probably, Arjun Mahendran was not there.
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Dharmishta / October 24, 2016
If funds in the Treasury is subjected to day light robbery and the Government MPS in the COPE are trying to protect them, how can we expect UNP to eradicate or reduce corruption in the Country as pledged in the election manifesto ?
It is up to loyalist UNP member’s to open their eyes and ears and realistically assess, as to how could their beloved party progress under these circumstances, without trying to be loyal to their leaders blindly.
‘Men May Come and Men May Go’ but their beloved Party should forge ahead as a political outfit that will attract new generation of voters, especially youth who expect justice and fair play ! Dharmishta
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Vibhushana / October 24, 2016
UNP Members of COPE should bear in mind that if they act against their conscience and become part of the mechanism to cover up the ‘misdeed’, they themselves will become part of the ‘misdeed’. Vibhushana
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Manik / October 24, 2016
How can this be when there are apparently 3 reports?? This must be just one of them…
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Patta Pal / October 24, 2016
This is a highly politicized document, by POLITICIANS. An opinion that will NOT stand as evidence even in a Court of Law. It is time that someone has the guts to explain this as NOT a fact but an opinion, and mention the names and the parties those who signed off on this opinion represent. Do not mislead the Public, as they will believe this hogwash without question, and that is bad for democracy if guilt is presumed in a court of kangaroos.
It would have been at least good journalism, if both or all three reports were leaked at the same time to remind people that there are different opinions, and all are by people who are mere amateurs at offering them, with their own agendas. There simply is NO balance in reporting. Colombo Telegraph being particularly guilty of taking sides, on something they really don’t know anything about, but which they have a blind following amongst the KNOW NOTHING know it alls!
The journalists are highly irresponsible for merely pitching this as a story that is now 18 months stale, while the Country is being robbed as we speak by people never being mentioned by them! Why are they worried they will be sued? Name and shame time has come.
This is a convenient distraction from the real broken yahapalanaya promises, where the evidence is far more cast iron to convict. Why is that NOT happening?
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Bhumiputhra / October 24, 2016
This is the crook, now found guilty by a parliamentary
body, who is being protected by Hon. Ranil Wickremesinghe
the Prime Minister of Sri Lanka.
That is yahapalanaya for him. They promised heaven and
earth before elections that the corrupt and the inept
will be brought to justice. No Ranil’s own ministers
are robbing and he is protesting the man who has
committed the biggest heist in the history of Sri
Lanka.
Mr Clean has got his sands soiled with shit.
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A W Abdulkany / October 24, 2016
Please do not condone wrong doings. Aiding and abetting is also equal to wrong doings. We know UNP loves the ex-CBSL boss. Say, ‘Not that we love Mahendren less but we love SRI LANKA more”. Allow the law to take its course and punish the wrong doers and show the Nation, UNP is a party of gentlemen.
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Ravi / October 24, 2016
If found guilty, suffer the consequences…..its jail time, not for Arjuna alone, but for all involved, who ever it may be.
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Rabok / October 24, 2016
UNP idiots are on a self destructive path – they looking up and spitting – RW is the biggest egoistic idiot in the country – and definitely not suitable to be a leader – this guy do not feel the pulse of normal people and apparently thinks – who cares what others think – if me and my Royal click thinks it is correct – that is enough – Moda Gamarala broke all the accepted norms to make this idiot PM of the country now he is trying to F… him also – his arrogance have no limits and indirectly providing fuel for his opponents —
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eldorado / October 24, 2016
Haven’t we travelled down this road “N” plus one times in the past? I mean where Politicians, Bureaucrats, and Officials have committed heinous Financial and other crimes against the Country and appear to be caught by their Balls, only to find that nothing happens to them?
Somehow or the other they wriggle free with the help of their Relations, Friends, Party Goons / Cahoots, in the higher echelons of Power,or through the glib tongues of the Legal fraternity, interpreting the Law of the land to suit them ?
Although our history since Independence is checkered with these happenings you don’t have to look very far back to see how these things have taken place even this year. Any bets this issue will go the same way ?
Such is life in this Island Paradise!!
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Jay / October 24, 2016
You Mahendran is a disgrace to your alma mater Oxford University. Have you been taught/nurtured to steal public funds. ITS PITY THAT SL COULDN’T FIND A CITIZEN OF TO GOVERN THE CENTRAL BANK. HE SHOULD BE SENT TO JAIL IN ADDITION TO RECOVERING THE LOSS
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Sama / October 24, 2016
Not knowing the truth, please avoid adding the kind of rubbbish. You are no right to call him the person to be corrupted here. May be the system changes guided him ending up with that. Preiviously as Naredran said above, there had been various allegations known against Kabral the tanz partner of Rajakashe family to have gone all wrong being the former CBG. So please be patient until all the investigations make clear the realities.
Why we dont get to read anything coming from Perpetual CO. about their magical numbers of profit makings yet is the question for me even today.
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Pattapal / October 24, 2016
With that attitude and pea brain you could obviously never get into Oxford so we don’t care what you think…
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renu / October 24, 2016
Ranil he may be your friend but justice has to be done and appear to have been done. That is what we voted for. Nobody should be above the law His Son in law can afford to pay back. The public is watching your attitude in this regard
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nishan / October 24, 2016
Once again, stupidity of Yahapalanaya voters expose. You wanted a perfect system>No such thing!
You get a Wetsern style system. Low level corruption not tolerated. Mid-level corruption exposed. High-level corruption, once in a blue moon someone will get prosecuted!
Humans are corrupt aand so can systems can get corrupted.
This is the bst we can hope for and better than what we have.
Please look at your precious western countires and realise the reality!
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timbuttu / October 24, 2016
15 June 2015 same old COPE report – “better practice”
Ranil still says no credible evidence to find Arjuna Mahendran guilty.
Most probably the election expenses, ++ ?
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Sherantha / October 24, 2016
Over to you two.. Tom & Jerry(Mr.President Hitang / Ranil the Brain)
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justice / October 24, 2016
We have the only Central Bank in the world which lends massive sums to “dealers” at low interest , and obtains “loans” from the very same “dealers” at much higher interest, for much longer periods.
This fascinating method of obtaining loans to balance Annual Budgets happens only in our wonderful country.
The man who supervised this process is protected by politicians against judicial investigation.
We have wonderful economists who have ignored this until now.
P.S
We also obtain massive loans from firms of affluent countries, at higher than international lending rates, to finance construction of enterprises which cost massive sums to maintain, and do not generate any income.
But that is another story.
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Kalu Nangi / October 24, 2016
Section 11.1 – 1st paragraph of the above report recommends a “detailed investigation by a recognized institution”, which clearly establishes that a final decision cannot be taken if such further investigation is necessary.
But in the 6th paragraph under the same section, the writer forgets the said recommendation and concludes “Arjun Mahendran is directly responsible for the financial loss and it should be recovered from him”!! (Incidentally, there is no conclusion on the amount of the “financial loss”)
Wonder who wrote this report? Whoever did this, it is obvious that it was hurriedly done to achieve a political purpose. The sole objective seems to throw mud at AM since he was Ranil’s handpicked Central Bank Governor. It is clear that COPE does not have enough facts / evidence to be categorically certain about its allegations and therefore, the need to have a “detailed investigation” as mentioned in the 1st paragraph itself.
JVP’s Handunetti heading the COPE is using the BOND SCAM to gain political mileage for the JVP, while the others who are supporting him, especially the JO MPs are using this to throw mud at the Government. COPE has become a political circus!!
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