EPF prevented from
buying bonds in
The Presidential Commission of Inquiry was told yesterday that the Employees Provident Fund (EPF) has been stopped from buying Central Bank bonds in the secondary market.
Restrictions have been placed on the EPF in the wake of Dr Indrajith Coomaraswamy replacing Central Bank Governor Arjuna Mahendran in mid last year.
Coomaraswamy explained that there had been transactions involving the EPF and primary dealers.
President Maithripala Sirisena appointed the Commission of Inquiry due to delay on the part of the law enforcement agencies getting to the bottom of the alleged fraud. The Commission of Inquiry comprises judges of the Supreme Court K.T. Chithrasiri, P.S. Jayawardena and Rtd. Deputy Auditor General K. Velupillai