Sri Lanka's Treasury Bond Commission gets another extension

7 December 2017 - 99   - 0

Sri Lanka’s Treasury Bond Commission which was widely expected to complete its work by the deadline, December 8 (tomorrow) and submit a report, has got another extension.
Appointed by President Maithripala Sirisena, the Commission which has triggered unprecedented coverage and public attention over the alleged misdeeds of the former Central Bank Governor Arjuna Mahendran and his son-in-law Arjun Aloysius, now has time till December 31, 2017 to complete its task.
On Thursday, President Sirisena endorsed an extension of 23 days for the Commission in a gazette that was issued to make this legally possible.
The 3-member Commission was appointed by the President in January 2017 with a 3-month tenure to probe, examine and report on allegedly tainted bond issues and trading during February 2015 to March 2016. Several witnesses have given evidence before the Commission including Prime Minister Ranil Wickremesinghe, Ministers Kabir Hassim and Malik Samarawickrema and former Minister Ravi Karunanayake. 
The latest extension is the fourth given to the body since its appointment. Last week, the PM said the Government is also planning to probe multiple bond issues during the tenure of the former regime. – ENDS-


  Comments - 0

  • Leave a comment

Top Stories

Cabinet approval sought for glyphosate ban removal

Proposals submitted by the Agricultural Ministry and the Plantations Industries Ministry for the re-introduction of glyphosate on the plantations w...

21 March 2018 - Views : 56

JO hands over No-Confidence Motion against PM

21 March 2018

CCEM not abolished - Rajitha

21 March 2018

President to visit Pakistan from March 22-24

21 March 2018



Features & Analysis

British School in Colombo presents 'Anything Goes'

This March, the British School in Colombo hopes to take audiences back in time to style of theatre and music that wil...

Bangladeshi Film Festival this month

The Bangladeshi community in Sri Lanka has organized Bangladesh Film Festival in Sri Lanka from March 23-25, a releas...

Grassrooted presents V Day 2018 : PatriANarchy

This April 1, Grassrooted will take  a look at how patriarchal values continue to inflict violence  in...

“Around the Pearl” annual cycling challenge is back

“Around the Pearl” is an annual cycling challenge happening over 10 days covering 1400km around the ...