had submitted its report to the President in July and the President has sought cabinet approval to submit the reports to the AG.
in no uncertain terms confirmed the involvement of former Central Bank governor - and Wickremesinghe's close friend - Arjuna Mahendran in the bond scam and recommended the government initiate legal proceedings against him immediately.
"The final report of the Presidential Commission of Inquiry (PCoI
) into the Bond Issuance of the Central Bank of Sri Lanka has been handed over to President HE Maithripala Sirisena on 30 December 2017.
Appearing before the PCoI
last month Titus Kannangara, Senior Manager- Security Operations, at the airline told the commission that they had requested the cancellation of the tender due to three reasons.
1 -- Though it is evident according to the Presidential Commission of Inquiry (PCoI
) report that the former finance minister Ravi Karunanayake's role in the bond scam was ''minute'' but the ruling United National Party (UNP) led by its leader and Prime Minister Ranil Wickremasinghe is bent on making him the scapegoat in the Bond Scam issue.
Former CEO of SriLankan Airlines, Kapila Chandrasena had instructed the finance department to change the terms of agreement with Phoenix Duty Free Lanka Limited, the former concessionaire for inflight duty free services for SriLankan, causing losses of over USD 4 million , Upekha Abeysekera, Senior Manager, Revenue Accounting at the Airline told the Presidential Commission of Inquiry (PCoI
) probing irregularities at SriLankan Airlines, SriLankan Catering and Mihin Lanka, yesterday.
Tennakoon said that the report of the PCoI
states that 'the question of whether or not the fact that, Mr.
The 16 Sri Lanka Freedom Party (SLFP) MPs who left the government will file a Right To Information (RTI) application next week to obtain the full report of the Presidential Commission of Inquiry (PCoI
) on the bond scam MP Dayasiri Jayasekara said.
In the meantime, Speaker Karu Jayasuriya has convened a party leaders meeting on Tuesday to discuss the request made by several political parties to hold an emergency parliamentary meeting to table and debate the Presidential Commission of Inquiry (PCoI
) report, a Source said yesterday.
He told parliament on Thursday that they had requested the Speaker not to reappoint such members as their allegations had been proved before the Presidential Commission of Inquiry (PCoI
) into the bond scam.
31 -- The final report of the Presidential Commission of Inquiry (PCoI
) into the Bond Issuance of the Central Bank of Sri Lanka has been handed over to President Maithripala Sirisena on Saturday (Dec 30).
report states that Mahendran was involved in insider trading with Aloysius to give an undue advantage to Perpetual Treasuries during the 2015 Central Bank bond sales, causing an estimated Rs.