Treasury bond and large scale fraud reports presented to Parliament

The report of the Presidential commission which investigated the treasury bond scam and the report on the commission which investigated large scale fraud, have been presented to Parliament.

The Presidential secretariat said that both reports were handed over to Parliament today.

Speaker Karu Jayasuriya told reporters that the next course of action with regards to the two reports will be decided at the party leader’s meeting on January 22.

Last week the Secretary to the President, handed over a copy of the report of the Commission of Inquiry to Investigate, Inquire and Report on the Issuance of Treasury Bonds (COI) during the period from 1 st February 2015 to 31st March 2016 to the Governor, Central Bank of Sri Lanka entrusting the task of considering giving effect to the recommendations contained in the Report.

The Presidential commission investigating the treasury bond scam has recommended steps be taken against former Finance Minister Ravi Karunanayake, former Central Bank Governor Arjuna Mahendran and Perpetual Treasuries head Arjun Aloysius.

The report found that the public suffered a loss of Rs. 11.5 billion as a result of the treasury bond deal.

The report also found that Perpetual Treasuries had made profits over 11,145 million. (Colombo Gazette)