JVP to take Sri Lanka Central Bank Treasury Bond allegations to Bribery Commission

March, 9, 2015

The Janatha Vimukthi Peramuna (JVP) would lodge a complaint with the Commission to Investigate Allegations on Bribery and Corruption on the allegations against the recent Treasury Bond issue of the Sri Lanka Central Bank, says JVP North Central Provincial Councillor Wasantha Samarasinghe.

Allegations continue to be leveled that the recent 30 year Treasury Bonds issue by the Central Bank had been carried out while enabling a certain Primary Dealer to gain a capital profit.

Meanwhile, President Maithripala Sirisena has directed that investigations be carried out into the allegations that the recent 30 year Treasury Bonds issue by the Central Bank had been carried out while enabling a certain Primary Dealer to gain capital profits.

The President’s media unit states that he has ordered the President’s secretary to appoint a three-member committee to investigate into this issue and if there are any irregularities in this Treasury Bond issue then severe punishment be meted out to the officials or individuals involved, whatever their status or positions.

Recently, the Central Bank of Sri Lanka announced the issue of Treasury Bonds to the value of Rs 01 billion maturing in 30 years. This particular Primary Dealer too had reportedly submitted its bid.

However, market sources state that this Primary Dealer had submitted bid for this auction requesting for Treasury Bonds worth Rs. 05 billion and that its interest rate was as high as 12.5 per cent.