Maithripala Sirisena handed a much awaited report on bond scam

Vastavam web: Sri Lankan President Maithripala Sirisena was today handed a much awaited report on an alleged scam in the issue of bonds of the country’s central bank.”We handed over the report today to the President. It is now upto his office to take action from hereafter,” an official of the presidential inquiry commission said.It was alleged that Wickremesinghe’s pick for the position of the governor of the Central Bank, Arjuna Mahendran’s appointment had caused a case of conflict of interest with a Central Bank primary dealer firm linked to Mahendran’s son-in-law Arjuna Aloysius.

Aloysius’ firm Perpetual Treasuries it was alleged had benefited from insider information on the two issues of bonds resulting them making large profits.The opposition cried hoarse on the scam even demanding that Wickremesinghe resign. Sirisena in mid-2016 sacked Mahendran from the bank.The issue led to the resignation of a UNP minister Ravi Karunanayake. He was the finance minister and later foreign minister when he quit.