COPE in dilemma over contradictory evidence?

By Saman Indrajith


Evidence given by the officials of the Central Bank regarding the bond issue is contradictory, according to the minutes of the 44th meeting of the Committee on Public Enterprises (COPE) held at the Parliamentary Complex on Aug 12, 2016.

The COPE has resolved to consider whether investigations regarding the bond issue should be carried out based on evidence already given by the officials or they need to be called to give further oral evidence.

The resolution was made after the COPE examined the officials of the Ministry of National Policies and Economic Affairs and Central Bank to obtain a clarification regarding the bond issue of CBSL for the period 2015-16.

According to the COPE minutes the following Ministry officials had been examined: Dr R. H.S. Samaratunga, Secretary to the Treasury, Shantha Bandara, Secretary, U.G. Rathnasiri Additional Secretary, S. M. Chandrapala Chief Financial Officer, W.M.R. Dissanayake Chief Accountant, and P.A. Kanthi Chief Internal Auditor. Following were the Central Bank officials examined by the COPE on that day: Indrajith Coomaraswamy, Governor, Manohari Ramanathan Appointed Monetary Board member, C. P. R. Perera Appointed Monetary Board Member, Dr P. N. Weerasinghe, Deputy Governor, P. Samarasiri, Deputy Governor, S. Lankathilake, Deputy Governor, Assistant Governors C. J. P. Siriswardena, S. S. Ratnayake, K. D. Ranasinghe and R. A. A. Jayalath, K. M. M. Siriwardena Director of Economic Research, P. W. D. N. R. Rodrigo, Director/Domestic Operations, CMDNK Seneviratne, Director IT, N.W.G.R.D. Nanayakkara Director Financial Sector Research, T. H. B. Sarathchandra Superintendent of Public Debt, K.N.N.M. Bandara Director EPF, U.L. Muthugala Addl, Superintendent, K.G.P. Siri Kumara Deputy Director Legal and compliance Dr MZM Azim Addl Director –Statistics, S Obyesekera Senior Manager Public Debt Department, S Pathumanapan Senior Manager Public Debt Department and WGR Harshapriya Senior Assistant Superintendent.

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