Sri Lanka’s Central Bank (CB) will soon probe transactions in government securities including treasury bonds and EPF deals during the period of the former regime.
On Tuesday, the CB, responding to calls to ascertain whether there were any irregularities in the issue of government securities during the period 2008-2014, said that a forensic audit will be conducted soon.
“The audit will focus on government securities and EPF operations during the period 2008-2014. This would be conducted by an external party. It is not appropriate to make any statement in this regard prior to the conclusion of the forensic audit,” the CB statement said, adding that the decision to conduct this forensic audit was also announced in a CB statement last week on January 11.
The call for action against alleged irregularities on bonds and other securities during the tenure of former CB Governor Nivard Cabraal has come mostly from United National Party Ministers and parliamentarians, smarting over the recent findings of the Treasury Bond Commission which has implicated some of them. – ENDS -
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