Monday, 20 November 2017
COPE report on bond issue on Oct. 25

COPE report on bond issue on Oct. 25 Featured

A COPE report that will have a crucial impact on the present government will be released on October 25.

It is the report into the Central Bank bond issues that had taken place between February 2015 and May 2016, during which Arjun Mahendran was the bank’s governor.

The JVP, to which COPE chairman Sunil Handunnetti belongs, has been saying that a serious financial fraud had taken place in the bond issue.

Many civil society organizations are of a similar view.

The auditor general’s report says a Rs. 1670 million loss could have been avoided.

However, the prime minister maintains that no fraud or irregularity had taken place in the bond issue.

Meanwhile, the media is presently carrying a commercial advertisement by Perpetual Treasuries, owned by Arjun Mahendran’s son-in-law Arjun Aloysius and accused in the matter.

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