web tracker

Bond scam loss could be up to Rs 500-1,000 billion: Cabraal

In Local

Former Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal, says that he believes the losses caused by the bond scam is a lot more than what has been stated in the commission report.

“I see it as a loss of somewhere between Rs 500 billion and Rs 1,000 billion.”

He also said that he is glad that the report of the Presidential Commission on the bond scam has recommended an investigation into the issuance of bonds during the period from 2008 to 2014.

“I’m glad that was said. Because such an investigation has already being carried out by the country’s Auditor General as per the request of Finance Minister Ravi Karunanayake and the relevant report has been uploaded in his website. It is still there in that website to this day,” he told.

However, if the report states that an inquiry should be carried out on the bonds issued during that time period despite the fact that it has already been done, then we should be glad about that, Cabraal said.

  • under the courtesy of adaderana

Join Our Newsletter!

Love Daynight? We love to tell you about our new stuff. Subscribe to newsletter!

You may also read!

Indonesian President Joko Widodo arrives in Sri Lanka

Indonesian President Joko Widodo arrived in Sri Lanka , a short while ago, on an official two-day state visit

Read More...

Wigneswaran turns down Bathiudeen’s request

Northern Province Chief Minister C.V.Wigneswaran has turned down the request made by Minister Rishad Bathiudeen asking for 1000 acres

Read More...

Thondaman appointed Uva’s Tamil Education Minister

Senthil Thondaman has been appointed as the Tamil Education Minister of the Uva Province, Ada Derana reporter said. The

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu