Transparency International Sri Lanka (TISL) is encouraged by the Committee on Public Enterprise (COPE) issuing a unanimous report on the Central Bank bond controversy, following days of conflicting and contradictory statements. The report has now been forwarded to the Attorney General for his opinion.
TISL calls on the Attorney General to ensure that his opinion and any related decisions are taken in light of the need to ensure justice and fairness, with the need for timely due process. TISL notes with concern past criticisms leveled against the Attorney General’s department in their untimely handling of cases, supporting the adage that justice delayed is justice denied.
In providing his opinion, TISL urges the Attorney General to ensure that his actions are commensurate to the high level of integrity and public trust placed in the Attorney General’s department.
In light of the allegations made in the COPE report connecting the former Governor of the Central Bank, Arjuna Mahendran and Perpetual Treasuries, a primary dealer connected with his son-in-law Arjun Aloysius, TISL calls on the Government to recognise and support the need for greater public awareness around the issue of conflict of interest and connected parties.
Furthermore, TISL recommends that the Government strengthens its processes to prevent alleged abuses of conflict of interest reoccurring. (Colombo Gazette)