{"id":182973,"date":"2017-10-11T19:42:25","date_gmt":"2017-10-11T14:12:25","guid":{"rendered":"https:\/\/www.colombotelegraph.com\/?p=182973"},"modified":"2017-10-17T09:01:29","modified_gmt":"2017-10-17T03:31:29","slug":"bond-commission-why-is-prime-ministers-evidence-important","status":"publish","type":"post","link":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/","title":{"rendered":"Bond Commission: Why Is Prime Minister\u2019s Evidence Important?"},"content":{"rendered":"<p><strong>By\u00a0<a href=\"https:\/\/www.colombotelegraph.com\/?s=Rusiripala+Tennakoon&amp;x=8&amp;y=5\">Rusiripala Tennakoon<\/a>\u00a0\u2013<\/strong><\/p>\n<div id=\"attachment_178888\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2017\/06\/Rusiripala-Tennakoon-.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-178888\" class=\"size-thumbnail wp-image-178888\" src=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2017\/06\/Rusiripala-Tennakoon--150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2017\/06\/Rusiripala-Tennakoon--150x150.jpg 150w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2017\/06\/Rusiripala-Tennakoon--45x45.jpg 45w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2017\/06\/Rusiripala-Tennakoon-.jpg 200w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><p id=\"caption-attachment-178888\" class=\"wp-caption-text\">Rusiripala Tennakoon<\/p><\/div>\n<p class=\"p3\"><span class=\"s1\">Two important witnesses were summoned before the COI investigating into the Central Bank <a href=\"https:\/\/www.colombotelegraph.com\/?s=Bond+Scam\">Bond Scam<\/a>.<span class=\"Apple-converted-space\">\u00a0<\/span>They were Minister <a href=\"https:\/\/www.colombotelegraph.com\/?s=Malik+Samarawickrama\">Malik Samarawickrama<\/a> and Minister <a href=\"https:\/\/www.colombotelegraph.com\/?s=Kabir+Hashim\">Kabir Hashim<\/a>.<span class=\"Apple-converted-space\">\u00a0<\/span>According to the evidence led before the COI, so far, the names of these two Ministers came up in relation to one incident.<span class=\"Apple-converted-space\">\u00a0<\/span>That is the meeting that was held on the 26<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> February, 2015 at the CBSL premises with their attendance along with <a href=\"https:\/\/www.colombotelegraph.com\/?s=Ravi+Karunanayake\">Ravi Karunanayake<\/a> &#8211; Minister of Finance, <a href=\"https:\/\/www.colombotelegraph.com\/?s=Arjuna+Mahendran\">Arjuna Mahendran<\/a> and some officials of the High Ways Dept.<span class=\"Apple-converted-space\">\u00a0<\/span>This meeting has been held to establish the need for urgent additional funds. Their evidence is considered important in the following context.<\/span><\/p>\n<p><span class=\"s1\"><strong>1.<\/strong> Prime Minister has stated in his statement to Parliament on 17<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> March, 2015 as follows :<\/span><\/p>\n<p class=\"p6\"><span class=\"s1\"><b><i>\u201cDuring the regime of Mahinda Rajapaksa, the Ministry of Highways had entered into contracts exceeding over Rs. 100 Billion without any allocation of funds.<span class=\"Apple-converted-space\">\u00a0 <\/span>Funds were needed urgently to make the related payments.<span class=\"Apple-converted-space\">\u00a0<\/span>This is one issue.<span class=\"Apple-converted-space\">\u00a0<\/span>Payments have to be made for the work done.<span class=\"Apple-converted-space\">\u00a0 <\/span>Payments have also to be made for work in progress, in respect of the contracts signed. We decided to make payments for the projects completed later and to pay for the work in progress and for the work to be started.<span class=\"Apple-converted-space\">\u00a0 <\/span>But there were no funds, for this.<span class=\"Apple-converted-space\">\u00a0<\/span>We cannot pay Rs. 100 Billion at once. Highways Minister, Secretary to MOF, officials including Governor and Deputy Governor of the CBSL met on 26<\/i><\/b><\/span><span class=\"s2\"><b><i><sup>th<\/sup><\/i><\/b><\/span><span class=\"s1\"><b><i> February, 2015 and discussed this matter.<span class=\"Apple-converted-space\">\u00a0<\/span>They decided that Rs. 15 Billion was required immediately\u201d.<\/i><\/b><\/span><\/p>\n<p><span class=\"s1\"><strong>2.<\/strong> A letter produced to the COI under the signature of the MOF Ravi Karunanayake addressed to no-body states that there was an urgent need of Rs. 75 Billion as decided at that meeting.<\/span><\/p>\n<p><span class=\"s1\"><strong>3.<\/strong> Ravi Karunanayake in his evidence confirmed that he issued this letter and the fund requirement was 75 Billion. <\/span><\/p>\n<p><span class=\"s1\"><strong>4.<\/strong> The statement made to Parliament on 17<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> March, 2015 by the Prime Minister contradicts this position because the amount required urgently was<span class=\"Apple-converted-space\">\u00a0 <\/span>Rs. 15 Billion only.<\/span><\/p>\n<p><span class=\"s1\"><strong>5.<\/strong> Hence the AG\u2019s Dept has to call the other participants of the 26<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> meeting to verify the matter.<\/span><\/p>\n<p><span class=\"s1\"><strong>6.<\/strong> Attendance of Mr. Malik Samarawickrama was quite out of place for this meeting as he did not hold any official position.<span class=\"Apple-converted-space\">\u00a0<\/span>However, as revealed he attended in his capacity as an adviser to Prime Minister.<\/span><\/p>\n<p><span class=\"s1\"><strong>7.<\/strong> All these participants were officials of the UNP besides being Ministers and<span class=\"Apple-converted-space\">\u00a0 <\/span>an adviser, Ravi Karunanayake, Deputy leader of UNP, Kabir Hashim General Secretary of UNP, Malik Samarawikrama Chairman UNP represented the leader of the UNP at this meeting.<\/span><\/p>\n<p><span class=\"s1\"><strong>8.<\/strong> Prime Minister in the same statement he made to Parliament also states as follows :<\/span><\/p>\n<p class=\"p6\"><span class=\"s1\"><b><i>\u201cThe monies that were raised were paid to the Treasury to fund the \u201cDivisional Development Projects\u201d.<span class=\"Apple-converted-space\">\u00a0<\/span>This is a slightly different position to what he stated earlier that the funds were urgently needed to settle the Contractors for the work done.<span class=\"Apple-converted-space\">\u00a0<\/span>Therefore this matter should be ascertained from these two witnesses.<\/i><\/b><\/span><\/p>\n<p><span class=\"s1\"><em>a)<\/em> How much was the urgent need?<\/span><\/p>\n<p><span class=\"s1\"><em>b)<\/em> What was the actual purpose?<\/span><\/p>\n<p><span class=\"s1\"><em>c)<\/em> Who directed them to hold this meeting?<\/span><\/p>\n<p><span class=\"s1\"><em>d)<\/em> Whether Malik Samarawickrama reported the outcome of the meeting to Prime Minister whom he represented at the meeting.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">In this background AG\u2019s Dept has to verify these from the Prime Minister.<span class=\"Apple-converted-space\">\u00a0<\/span>Then it would be a complete corroboration of evidence. Furthermore there is a necessity for the AG\u2019s Dept to enlighten the COI about the role of the Minister in Charge of the CBSL in the context of a number of other relevant issues, such as certain directives he is alleged to have given. <\/span><\/p>\n<p><span class=\"s1\"><strong>1.<\/strong> Prime Minister stated that he appointed a three man committee to investigate the 30 years bond issue on the 27<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> itself, and that he did it first of all to satisfy himself.<span class=\"Apple-converted-space\">\u00a0<\/span>Question that arises is how and what made him to appoint a committee of inquiry on the same date of the disputed Bond issue?<\/span><\/p>\n<p><span class=\"s1\"><strong>2.<\/strong> The terms of reference given to the 3 man committee were :<\/span><\/p>\n<p><span class=\"s1\"><em>a)<\/em> The reason for announcing a Bond issue to the value of One Billion by the PDD.<\/span><\/p>\n<p><span class=\"s1\"><em>b)<\/em> To examine events related to the issue relevant to all PD\u2019s and relevant statistical data.<\/span><\/p>\n<p><span class=\"s1\"><em>c)<\/em> The details of all Bond Issues of the CBSL since 01.01.2012.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Strangely there was no mention in this TOR to examine or investigate whether there has been any irregularity although the appointment of this 3 man committee was necessitated due to a serious clamour that arose in the market alleging violations of procedures and irregular applications.<\/span><\/p>\n<p><span class=\"s1\"><strong>3.<\/strong> The members selected for the committee were entirely persons non-related to the subject or of no acceptable standing to warrant the entrusting of an investigation of this sort. Particularly in the context of the complex nature of the matter.<\/span><\/p>\n<p><span class=\"s1\"><strong>4.<\/strong> The report of this Committee was tabled in Parliament on 19\/05\/2015 but it was not subject to a debate in the Parliament.<span class=\"Apple-converted-space\">\u00a0 <\/span>It was merely a tabling of a private report.<span class=\"Apple-converted-space\">\u00a0<\/span>This was in contrast to what the Prime Minister stated in his statement to Parliament. He stated that such an opportunity would be afforded<\/span><\/p>\n<p><span class=\"s1\"><strong>5.<\/strong> Before the report was tabled a resolution signed by 90 MPs has been handed over to the Speaker demanding the removal of the CBSL Governor.<span class=\"Apple-converted-space\">\u00a0<\/span>This was listed in the Order Book of the Parliament from 08\/05\/2015.<\/span><\/p>\n<p><span class=\"s1\"><strong>6.<\/strong> On 20\/05\/2015 Speaker announced that the matter will be referred to a Special Sub Committee of the COPE, hence neither the resolution nor the report would be debated in Parliament.<\/span><\/p>\n<p><span class=\"s1\"><strong>7.<\/strong> The COPE started its proceedings from 23\/05\/2015 and after 11 (eleven) sittings when its report was to be submitted, Parliament was dissolved (on 26\/05\/2015)<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b><i>As the Prime Minister and Minister in Charge of the CBSL an explanation on all the above matters would help to give a clear picture to dispel the doubts about action taken by the Government were not to suppress the matter.<span class=\"Apple-converted-space\">\u00a0<\/span>Prime Minister in his statement to the Parliament on 17<\/i><\/b><\/span><span class=\"s2\"><b><i><sup>th<\/sup><\/i><\/b><\/span><span class=\"s1\"><b><i> March, 2015 categorically affirmed that<span class=\"Apple-converted-space\">\u00a0 <\/span>(Quote)<span class=\"Apple-converted-space\">\u00a0 <\/span>&#8211; \u201cI insisted on a public auction because private placements have led to corruption and lack of transparency\u201d.<\/i><\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">It came up in the evidence given by a number of witnesses, officials of the CBSL, that Arjun Mahendran stated this as a reason for him to take 10 Billion instead of the official recommendation to accept only 2.6 Billion by the PDD in keeping with all other accepted norms.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Why did the Prime Minister attempt to defend the Governor by stating that he had done no wrong in his statement to Parliament while the committee appointed by him to inquire and report on the matter was proceeding with their fact finding mission?<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">English translation &#8211;\u00a0<\/span><span class=\"s1\"><b><i>\u201cOver 20 Billion worth of offers were received. Governor instructed to take up to 10 Billion to the Tender Committee of the PDD.<span class=\"Apple-converted-space\">\u00a0<\/span>That tender was given.<span class=\"Apple-converted-space\">\u00a0<\/span>There is nothing to establish that the Governor had played a part in this.<span class=\"Apple-converted-space\">\u00a0 <\/span>It is untrue\u201d.<\/i><\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">How can the Prime Minister state that the Governor was not connected when he admits that he gave instructions to accept bids up to 10 Billion?<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Does it not amount to an indirect indication of his conclusion on the issue to the committee of inquiry he appointed?<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Prime Minister goes on to state further &#8211;<span class=\"Apple-converted-space\">\u00a0<\/span><b><i>\u201cI told the committee for a second time to look into this aspect.<span class=\"Apple-converted-space\">\u00a0<\/span>He gave those instructions in front of 2 Deputy Governors.<span class=\"Apple-converted-space\">\u00a0<\/span>There is no basis for the allegation that the Governor of the CBSL intervened in the affairs of the Tender Board. I told the committee to re-examine this\u201d<\/i><\/b>.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">There are several matters arising out of the statement of the Prime Minister which he only could clarify and explain for the benefit of the COI.<\/span><\/p>\n<p><span class=\"s1\"><em>a) <\/em>Did he discuss matters with the 3 man committee and give instructions while the inquiry was in progress.<\/span><\/p>\n<p><span class=\"s1\"><em>b)<\/em> How did he expect his instructions to do away with direct placements as he insisted to be implemented by the Governor of CBSL?<span class=\"Apple-converted-space\">\u00a0<\/span>Did the Prime Minister expect the Governor to by-pass the approval and authority of the Monetary Board in changing a practice that was in operation in the Central Bank.?<\/span><\/p>\n<p><span class=\"s1\"><em>c)<\/em> Did he not realize that the alleged instructions to the former Governor Mahendran to abolish the direct placement system of issuing bonds would be against the policy of maintaining the independence of the Central Bank in the country?<\/span><\/p>\n<p><span class=\"s1\"><em>d)<\/em> Did the Prime Minister address the issue adequately by considering all economic factors that he should have paid attention to before giving such instructions?<\/span><\/p>\n<p><span class=\"s1\"><em>e)<\/em> Is he aware, that the Central Bank has subsequently adopted a policy of hybrid bond issue system, disregarding his alleged instructions to the former Governor, due to the fact that the officials and Monetary Board have concluded that those instructions are not worthy of following per-se?<\/span><\/p>\n<p><span class=\"s1\"><em>f)<\/em> Did Prime Minister expect the Governor to raise the urgently identified fund requirement (decided at that unprecedented meeting of party officials) of Rs. 15 Billion from the 27<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> Bond issue itself despite the fact that the Bank had already announced a bond issue of Rs. One Billion.<\/span><\/p>\n<p><span class=\"s1\"><em>g)<\/em> The Prime Minister\u2019s statement clearly elaborates various alleged malpractices associated with Bond issues existed during the previous government.<span class=\"Apple-converted-space\">\u00a0<\/span>The question that arises in this regard is who provided such information to him? Why was it necessary to do so prior to the 27<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> Feb 2015 Bond Issue?<span class=\"Apple-converted-space\">\u00a0<\/span>Has there been a discussion at some forum with regard to the manner how the 27<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> Feb Bond should be handled? Or was he acting on some arbitrary recommendation by the Governor whom he appointed with great trust, even disregarding the opposition from several quarters on the grounds that Mahendran was a citizen of another county not fit to be appointed to the most vulnerable high post of the country involving country\u2019s financial control.<\/span><\/p>\n<p><span class=\"s1\"><em>h)<\/em> In his statement Prime Minister has referred to the Primary Dealers in the following manner :<\/span><\/p>\n<p class=\"p10\"><span class=\"s1\"><b><i>\u201cThese PDs who are giving all these information, forget the trick that they have been up to.<span class=\"Apple-converted-space\">\u00a0<\/span>This may be a fight between rogues\u201d.<\/i><\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Whoever who provided such information to the Prime Minister apparently were well acquainted with the modus operandi with regard to Bond Issues.<span class=\"Apple-converted-space\">\u00a0<\/span>So the same parties would have had sufficient knowledge as to how the system could be manoeuvred fraudulently for their benefit.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">The Prime Minister further stated as follows:<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b><i>\u201cSubsequent to the bond issue (27<\/i><\/b><\/span><span class=\"s2\"><b><i><sup>th<\/sup><\/i><\/b><\/span><span class=\"s1\"><b><i> Feb) allegations of insider trading were made.<span class=\"Apple-converted-space\">\u00a0<\/span>The name of the Governor was mentioned in these allegations and aspersions were cast\u201d.\u00a0<\/i><\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">This goes to prove that Prime Minister was aware as to what was going on in the public domain.<span class=\"Apple-converted-space\">\u00a0<\/span>In such a context it is strange why he did not include a provision to investigate this or at least to report on this aspect in the TOR, given to the 3 man committee.<\/span><\/p>\n<p class=\"p3\">By way of a reply to questions that were raised in Parliament regarding the eligibility and the suitability of the 3 man committee Prime Minister said:<\/p>\n<p class=\"p3\"><span class=\"s1\"><b><i>\u201cHow many of you know about the Bond Market? How many know about \u201cBrooke Bond? How many know about \u2018James Bond\u2019?<span class=\"Apple-converted-space\">\u00a0<\/span>Therefore we are not suitable\u2026\u2026\u2026\u2026\u2026\u2026\u201d<\/i><\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Even derogatorily and sarcastically he admitted that the subject was so complex even for the parliamentarians.<span class=\"Apple-converted-space\">\u00a0<\/span>The best action he would have taken in such a situation would have been to get the matter examined by a panel of independent experts instead of by a committee of lawyers, affiliated to his party.<\/span><\/p>\n<p><span class=\"s1\"><em>i)<\/em> As the Minister in Charge of the CBSL there appears to be<span class=\"Apple-converted-space\">\u00a0 <\/span>some lapse in not taking action to suspend the Governor temporarily, at least, by sending him on compulsory leave until the investigations were over.<span class=\"Apple-converted-space\">\u00a0 <\/span>He was well aware of the commotion in the country over the issue.<span class=\"Apple-converted-space\">\u00a0 <\/span>This is what he informed the Parliament on 17<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> March, 2015 in this regard.<\/span><\/p>\n<p class=\"p10\"><span class=\"s1\"><b><i>\u201cFrom last Monday Mr. Arjun Mahendran has obtained leave and he has informed me that he would refrain from his official duties until the ongoing investigations are completed.<span class=\"Apple-converted-space\">\u00a0 <\/span>I have no authority to suspend because he is not coming told him not to come.<span class=\"Apple-converted-space\">\u00a0 <\/span>By this he has provided the background for a justifiable independent investigation\u201d.<\/i><\/b><\/span><\/p>\n<p class=\"p10\"><span class=\"s1\">But what transpired was entirely different to this.<span class=\"Apple-converted-space\">\u00a0 <\/span>As the Prime Minister made his statement on 17<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> March he would have meant 16<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> of March Monday, as the date of commencement of leave.<\/span><\/p>\n<p class=\"p10\"><span class=\"s1\">But according to Prime Minister he appointed his 3 man committee of inquiry on 27<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> Feb 2015.<span class=\"Apple-converted-space\">\u00a0 <\/span>So for some period this 3 man committee has been investigating while Mahendran was holding fort!<span class=\"Apple-converted-space\">\u00a0 <\/span>And Mahendran reported back to CBSL from his temporary exile on 24<\/span><span class=\"s2\"><sup>th<\/sup><\/span><span class=\"s1\"> April.<span class=\"Apple-converted-space\">\u00a0 <\/span>Strangely even before the 3 man committee report was tabled in Parliament by Minister Laxman Kiriella on 19\/05\/2015.<\/span><\/p>\n<p class=\"p10\"><span class=\"s1\">According to the Prime Minister, even while on leave, arrangements were made for Mahendran to attend to important matters from where he was during his exodus.<span class=\"Apple-converted-space\">\u00a0<\/span>How these few days of his leave helped to conduct an independent investigation is a matter for conjecture.<\/span><\/p>\n<p class=\"p10\"><span class=\"s1\">The position of the Prime Minister that he cannot suspend the Governor is also something that cannot be accepted as tenable.<span class=\"Apple-converted-space\">\u00a0<\/span>He had the power to recommend the appointment of the Governor.<span class=\"Apple-converted-space\">\u00a0 <\/span>Why then he could not recommend to the same authority to suspend him remains a question, unless that ultimate authority refused to do so!<\/span><\/p>\n<p><span class=\"s1\"><em>j)<\/em> Another relevant issue is that if during President <a href=\"https:\/\/www.colombotelegraph.com\/?s=Mahinda+Rajapaksa\">Mahinda Rajapaksa<\/a>\u2019s period contracts exceeding the value of Rs. 100 Billion were signed without any provision of funds, how can a subsequent government decide to raise funds to settle those liabilities without going before the Parliament?<span class=\"Apple-converted-space\">\u00a0<\/span>There appears to be an infringement of the provisions under Section 148 of the country\u2019s constitution in this regard.<\/span><\/p>\n<p><span class=\"s1\">However the writer admits that such important issues are beyond the comprehension of laymen and falls strictly within the sanctimonious realms confined to the respected prerogatives of the legal profession as claimed by some!<\/span><\/p>\n<p><span class=\"s1\"><em>k)<\/em> Another relevant reference in the statement of the Prime Minister to Parliament is worth quoting in the interest of the public desires.<\/span><\/p>\n<p class=\"p10\"><span class=\"s1\">English translation &#8211; <b><i> We will not hesitate at all to bring these culprits before the law.<span class=\"Apple-converted-space\">\u00a0 <\/span>Not only the present incident even what has happened in the past will be looked into by us.<span class=\"Apple-converted-space\">\u00a0 <\/span>We will impose some taxation on all those.<span class=\"Apple-converted-space\">\u00a0 <\/span>If necessary we will recover those monies\u201d<\/i><\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Apparently as there is no intimation from the government officially there-after on this great intention, the public calls upon some good hearted independent, free thinking MP in this Parliament to bring forward an individual MP\u2019s private proposal to pass a new law to give effect to the pronouncement of the Prime Minister!<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">The proclamation by the President in the Gazette notification appointing the COI inter-alia includes the following provision :<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b><i>\u201cWhereas irregularities committed in respect of the matter referred to in the schedule hereto have been brought to my notice\u201d<\/i><\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b><i>And whereas it has become necessary to inquire and investigate into such matter and to identify those persons alleged to have been so involved in such irregularities committed in respect of the matter, in case such irregularities are found to be true\u201d<\/i><\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Under all these circumstances country will appreciate highly if the Prime Minister volunteers to come before the COI and enlighten the commission on information that he may be privy to as the Minister in Charge of the CBSL.<span class=\"Apple-converted-space\">\u00a0<\/span>After all it is his own government that decided to conduct a full high level investigation of the alleged irregularities taken place in the CBSL bond issue.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">This will be a right decision in the right direction in our great march towards a West Minister System freeing ourselves from the bondages of a draconian constitution to which the Prime Minister too contributed in 1978.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":74,"featured_media":163855,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,46,8],"tags":[],"class_list":["post-182973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colombotelegraph","category-constitutional-reforms","category-editorial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bond Commission: Why Is Prime Minister\u2019s Evidence Important? - Colombo Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bond Commission: Why Is Prime Minister\u2019s Evidence Important? - Colombo Telegraph\" \/>\n<meta property=\"og:description\" content=\"[&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/\" \/>\n<meta property=\"og:site_name\" content=\"Colombo Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-11T14:12:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-10-17T03:31:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/06\/Rusiripala-Tennakoon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"361\" \/>\n\t<meta property=\"og:image:height\" content=\"361\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rusiripala Tennakoon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rusiripala Tennakoon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/\",\"url\":\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/\",\"name\":\"Bond Commission: Why Is Prime Minister\u2019s Evidence Important? - Colombo Telegraph\",\"isPartOf\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/06\/Rusiripala-Tennakoon.jpg\",\"datePublished\":\"2017-10-11T14:12:25+00:00\",\"dateModified\":\"2017-10-17T03:31:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/c63ae3f6e4a57af3e03fcd9a69009b08\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#primaryimage\",\"url\":\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/06\/Rusiripala-Tennakoon.jpg\",\"contentUrl\":\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/06\/Rusiripala-Tennakoon.jpg\",\"width\":361,\"height\":361,\"caption\":\"Rusiripala Tennakoon\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.colombotelegraph.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bond Commission: Why Is Prime Minister\u2019s Evidence Important?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.colombotelegraph.com\/#website\",\"url\":\"https:\/\/www.colombotelegraph.com\/\",\"name\":\"Colombo Telegraph\",\"description\":\"In journalism truth is a process\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.colombotelegraph.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/c63ae3f6e4a57af3e03fcd9a69009b08\",\"name\":\"Rusiripala Tennakoon\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0b7c632d00e3e085fd4ad9072f1efdfdf322c4673e57cc4049ea28fd9681e51e?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0b7c632d00e3e085fd4ad9072f1efdfdf322c4673e57cc4049ea28fd9681e51e?s=96&d=identicon&r=g\",\"caption\":\"Rusiripala Tennakoon\"},\"url\":\"https:\/\/www.colombotelegraph.com\/index.php\/author\/rtenne\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bond Commission: Why Is Prime Minister\u2019s Evidence Important? - Colombo Telegraph","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/","og_locale":"en_US","og_type":"article","og_title":"Bond Commission: Why Is Prime Minister\u2019s Evidence Important? - Colombo Telegraph","og_description":"[&hellip;]","og_url":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/","og_site_name":"Colombo Telegraph","article_published_time":"2017-10-11T14:12:25+00:00","article_modified_time":"2017-10-17T03:31:29+00:00","og_image":[{"width":361,"height":361,"url":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/06\/Rusiripala-Tennakoon.jpg","type":"image\/jpeg"}],"author":"Rusiripala Tennakoon","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rusiripala Tennakoon","Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/","url":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/","name":"Bond Commission: Why Is Prime Minister\u2019s Evidence Important? - Colombo Telegraph","isPartOf":{"@id":"https:\/\/www.colombotelegraph.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#primaryimage"},"image":{"@id":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#primaryimage"},"thumbnailUrl":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/06\/Rusiripala-Tennakoon.jpg","datePublished":"2017-10-11T14:12:25+00:00","dateModified":"2017-10-17T03:31:29+00:00","author":{"@id":"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/c63ae3f6e4a57af3e03fcd9a69009b08"},"breadcrumb":{"@id":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#primaryimage","url":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/06\/Rusiripala-Tennakoon.jpg","contentUrl":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/06\/Rusiripala-Tennakoon.jpg","width":361,"height":361,"caption":"Rusiripala Tennakoon"},{"@type":"BreadcrumbList","@id":"https:\/\/www.colombotelegraph.com\/index.php\/bond-commission-why-is-prime-ministers-evidence-important\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.colombotelegraph.com\/"},{"@type":"ListItem","position":2,"name":"Bond Commission: Why Is Prime Minister\u2019s Evidence Important?"}]},{"@type":"WebSite","@id":"https:\/\/www.colombotelegraph.com\/#website","url":"https:\/\/www.colombotelegraph.com\/","name":"Colombo Telegraph","description":"In journalism truth is a process","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.colombotelegraph.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/c63ae3f6e4a57af3e03fcd9a69009b08","name":"Rusiripala Tennakoon","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0b7c632d00e3e085fd4ad9072f1efdfdf322c4673e57cc4049ea28fd9681e51e?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0b7c632d00e3e085fd4ad9072f1efdfdf322c4673e57cc4049ea28fd9681e51e?s=96&d=identicon&r=g","caption":"Rusiripala Tennakoon"},"url":"https:\/\/www.colombotelegraph.com\/index.php\/author\/rtenne\/"}]}},"jetpack_featured_media_url":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/06\/Rusiripala-Tennakoon.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts\/182973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/comments?post=182973"}],"version-history":[{"count":3,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts\/182973\/revisions"}],"predecessor-version":[{"id":183093,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts\/182973\/revisions\/183093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/media\/163855"}],"wp:attachment":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/media?parent=182973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/categories?post=182973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/tags?post=182973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}