The Sunday Leader

WB Writes To Ranil On Bond Issue

by Sujith Mangala de Silva

The World Bank has written to Prime Minister Ranil Wickremesinghe giving its opinion on the Central Bank bond issue.

Sources said that the World Bank had given its opinion after the Prime Minister wrote to the bank seeking its input.

The World Bank was of the opinion that the government has not suffered any losses as a result of the bond issue. Wickremesinghe had submitted to the World Bank all details pertaining to Treasury bond transactions in Sri Lanka. The World Bank had praised the government on the actions taken to control debt and its tax reforms proposals.

President Maithripala Sirisena had on Friday appointed a three member commission to investigate the Central Bank treasury bond issue.

The President’s office said that the commission comprises of  Supreme Court Judge K.T. Chithrasiri, P.S. Jayawardena and Retired Deputy Auditor General K. Velupillai.

The President had said that the commission will complete the investigations in three months. Parliament last week debated the report by the Parliament Committee on Public Enterprises (COPE) on the alleged bond scam. Last November the President said a judicial process must be launched into the Central Bank bond scam.

The President said that an independent investigation must be held on the allegations.

7 Comments for “WB Writes To Ranil On Bond Issue”

  1. Set a thief to catch a thief. What a comedy of errors.

  2. Eng.M.V.R.Perera

    If the World Bank states that there is no loss and if our COPE cannot bring any evidence to establish that other central banks do otherwise can a Presidential commission produc evidence that there is a big fraud in the bond issue

  3. publish the world bank document please

  4. centeal bang scam was mr mahadaran was involved but mr Ranil is defending for him, mr president please allowed the case to deal with judical service, mr Ranil political career is over next local election

  5. Frustrated Voter

    Why. Is. the. whole. country. wasting. the time. making. such a big. fuss. when. the
    World Bank. has. made. a honest and. genuine. verdict ???

  6. Kamal Gamage

    They would have formed another world bank in another country and written to it. The new world bank which is formed by these stooges would have written hat there was no problem in the Bond issue.

    The world Bank which we know will never write such letter as this is not a function that they normally carry out.

    These guys are cheating people every way it is possible.

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