Treasury bond scam probe: Can commission meet Dec. 8 deadline?


by Shamindra Ferdinando

The Presidential Commission of Inquiry that probed the treasury bond scams involving now suspended primary dealer Perpetual Treasuries had received further submissions from various parties to the inquiry, authoritative sources told The Island.

The Central Bank suspended Perpetual Treasuries in July for a six- month period.

Counsel for Prime Minister Ranil Wickremesinghe, who appeared before the commission on Nov 20, the last day of the sittings, didn’t avail himself of the opportunity to make fresh submissions, according to sources.

Chairman of the commission Justice K. T. Chitrasiri towards the conclusion of the sittings told counsel representing various parties that they could furnish additional submissions within seven days from the end of the inquiry.

Sources said there was no requirement for Attorney General Jayantha Jayasuriya, PC, to obtain any further clarifications from PM Wickremesinghe.

Besides appearing before the commission, Premier Wickremesinghe provided written responses to two sets of questions numbering 48 put to him by the commission as well as the Attorney General’s Department.

Informed sources said the commission was busy preparing the report to be handed over to President Maithripala Sirisena as previously envisaged on Dec. 8 though it was certainly not an easy task. The Island learns that there could be a slight delay in handing over of the report.

Commission sittings began in January this year, over 10 months after the second and by far the biggest treasury bond scam that rocked the country in March 2016.

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