Justice Chitrasiri insists it’s only a fact finding commission

By Shyam Nuwan Ganewatte and Sarath Dharmasena


Chairman of the Special Presidential Commission of Inquiry investigating the alleged bond scam Justice K. T. Chitrasiri yesterday, resuming the proceedings, said that the commission was only a fact finding one and it was still in the process of recording evidence.

Justice Chitrasiri said the commission had no power to decide whether anyone was guilty or not.

Chairman Justice Chithrasiri said that he had to make a special announcement about a statement appearing in the media to the effect that those found guilty would be sent to gallows which he (Chithrasiri) said was misleading.

He said the media had reported that those found guilty will be sent to Gallows in reporting the Commission proceedings.


Additional Solicitor General Dappula de Livera: I will take the responsibility for that statement.

Justice Chithrasiri: Newspapers have mentioned your name as the person who made that statement.

Justice Prasanna Jayawardena: This is a fact finding mission.

Thereafter former Deputy Governor of the Central Bank Dr. W. A. Wijewardena testified before the Commission.

His evidence was led by Senior State Counsel Shahida Bari

Former Deputy Governor of the Central Bank Dr. W. A.Wijewardena testifying before the Special Presidential Commission to investigate the alleged bond scam yesterday said what the Auditor General had calculated for was only the immediate loss caused by the questionable bond auction but the overall loss was much higher.

Dr.Wijewardena said the losses incurred by separate unit of the Central Bank had to be examined and find out what the total loss was.

In addition to the losses incurred by the state, investors, too, had come under pressure due to the contraversial bond deal, he said.

Wijewardena said the Auditor General’s Department had done an excellent job within a short time and the Auditor General had taken into consideration only the immediate loss.

The former Deputy Governor said the Auditor General had submitted an indepth report on the bond sale.

On a request made by member of the Commission Supreme Court Judge Prasanna Jayawardena, Dr.Wijewardena explained the different methods that could be used to assess the loss.

Dr,Wijewardena said as the Central Bank had stopped direct placements the government could not obtain loans at lower interest rates.

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