Sri Lanka President to make official statement on 2015 bond scam tomorrow

bonds-market-treasury

Jan 02, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena will make a statement on recommendations regarding the final report of the Presidential Commission of Inquiry into the 2015 bond scam on January 03.

The President appointed the Commission in February 2016 promising strong action against wrongdoers.

The said bond was declared on the 27th February 2015 by Central Bank of Sri Lanka and carried accusations of insider trading which related to the bids of Perpetual Treasuries, a firm connected to Arjun Aloysius, the son-in-law of Governor Arjuna Mahendran.

Perpetual Capital group had been charged for controversial stock market deals with the Employees Provident Fund which have been questioned before.