Sri Lanka’s president to appoint a committee to probe bond market allegations

Managing Director Kristalina Georgieva arrives and starts her first day of work at the IMF

Mar 09, 2015 (LBO) – Sri Lanka’s president Maithripala Sirisena has instructed his secretary to appoint a three member committee to investigate bond market allegations leveled against the central bank bond issue. The full text of the press release issued by the presidential secretariat is reproduced below.

Media Release

President to appoint a 3-member Committee to probe alleged malpractices on Treasury Bonds issue by the Central Bank of Sri Lanka

President Maithripala Sirisena, whose attention has been drawn to media reports about alleged malpractice in the recent issue of Treasury Bills by the Central Bank of Sri Lanka has decided to appoint a 3-member committee to probe this matter.

He has instructed the secretary to the President to take immediate action to appoint this Committee to ascertain the facts and report on this matter.

In the event of it being established that any malpractice has taken place, the President will take strong action against any persons or officials associated with this, irrespective of their status.
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March 09, 2015

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