President to appoint CoI to probe CBSL bond scam
January 22, 2017 11:29 pm
I will appoint a Special Presidential Commission of Inquiry this week to investigate the Central Bank bond issue and recommend actions, President Maithripala Sirisena said in a twitter post on Sunday.
Former CBSL Governor Arjuna Mahendran was in the spotlight due to the controversy surrounding a Treasury bond issue by the Central Bank of Sri Lanka (CBSL). There had been rising concerns in bond markets over controversial deals made by Perpetual Treasuries, a firm connected to Arjun Aloysius, the son-in-law of Governor Arjuna Mahendran.
In March, 2016, the President also appointed a three-member committee to investigate alleged irregularities surrounding the bond issue.