Prime Minister challenges former President

Prime Minister challenges former President

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Prime Minister Ranil Wickremesinghe requests the former President, Minister of Finance and current Parliamentarian Mahinda Rajapaksa, to make a statement in parliament about bond issuances in the years of 2008 and 2014.
The Prime Minister made this request making a special statement in Parliament today. Prime Minister Wickremesinghe said that measures will be taken to recover the money lost from the bond issue.
After the special presidential commission report on the bond issue was handed over to the President, several party leaders had called for the parliament to be convened. Accordingly, the Prime Minister informed the Speaker to convene Parliament, immediately.
Parliament sat this afternoon. Speaking further, Prime Minister said that the pre-2015 bond issues had been made without approval of any monetary board.
Prime Minister Wickremesinghe said that the government took necessary steps regarding the bond issuance, at the very early stage in March 2015. The COPE committee and the Attorney General’s Department have also been updated with the relevant information.
The Premier pointed out that consequently the President, too appointed a special commission in this regard. It is the first time in Sri Lankan history that such an impartial inquiry is being done.
The Premier said that it is a very complex investigation process. He pointed out that the opening of the investigation is a victory of the good governance government. He also said that the parliament has been given teeth to supervise the process of investigation.
The Presidential commission has noted that the malpractices that have taken place in case of issuance of bonds during the period in between 2008 and 2014 should also be investigated.
The Prime Minister said that he gave advices to the relevant authorities to take an action in this regard. He pointed out that the bonds have been issued in between 2008 and 2014 as direct private issuances without any transparency.
The Prime Minister pointed out that no approval of the monetary board has been granted for the issuance of treasury bonds. The Prime Minister highlighted that he is intended to discuss about the matter with the secretary to the Committee on Public Finance of parliament.