COPE to consider Auditor General’s report on bond issue Wednesday

June 28, 2016 (LBO) – Sri Lanka’s Parliament appointed Committee on Public Enterprises (COPE) will meet Wednesday to consider the Auditor General’s report on the bond investigation. Parliamentarian and COPE member Dr. Nalinda Jayatissa told LBO, the committee will most probably arrive at a decision on the alleged bond scam based on the findings of the Auditor General’s report. “Based on those reports, we may take a decision tomorrow, but appointing Governor again or not is a decision that should be taken by the President himself,” Jayatissa said.
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“We don’t have an authority to issue orders.” Central Bank Governor Arjuna Mahendran recently informed the Monetary Board that he would not be seeking re-appointment as Governor when his term finishes on Thursday until the COPE makes its findings known on issues related to the issuance of Treasury Bonds in the years 2015 and 2016. The COPE decided to obtain a report from the Auditor General regarding the controversial bond issue in February this year.
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