Parliamentary debate on controversial bond sale today

January 24, 2017 10:35 am

The parliamentary debate on the controversial bond sale will be held today (24).

Accordingly, the report of the Committee On Public Enterprises (COPE) regarding the bond issue will debated, it was reported.

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.

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