Colombo Telegraph

Full Text Of Ranil’s Bond Committee Report – I’ve Nothing To Do With Committee Findings: Dr. WAW

The three-member committee appointed by Prime Minister Ranil Wickremesinghe to probe into the controversy that has emerged over the issuance of Treasury Bonds has said that the Central Bank Governor Arjuna Mahendran had no direct role in deciding to accept bids over and above the one billion rupees stipulated in the 30-year bond tender and accept up to 10 billion rupees.

The Central Bank Governor – Arjuna Mahendran

The Committee concluded that there was no evidence to the effect that the governor had direct participation with regard to the activities of the PDD and the Tender Board Committee.

The three-member Committee that looked into the 30-year bond issue consisted; Gamini Pitipana (Attorney-At-Law) – Chairman, Mahesh Kalugampitiya (Attorney-At-Law) – Committee Member, Chandimal Mendis (Attorney-At-Law) – Committee Member.

The first page of the report said, “The Prime Minister who is the Minister of Policy Planning made available the service of Mr. W.A Wijewardena the former Deputy Governor of the CBSL. Mr W. A Wijewardena assisted the committee in technical aspects.”

When asked for a comment, Dr. Wijewardena said: “My role was to help the Committee understand technical matters.”

“I am not responsible for the findings of the Committee which are theirs.” Dr Wijewardena told Colombo Telegraph.

To read the full report click here

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