March 30, 2020
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    Forensic Audit on Treasury Bond issue tabled

    January 23, 2020

    Members of Parliament yesterday (22) obtained the Forensic Audit Report on the Treasury bond issuances of the Central Bank of Sri Lanka during the period from 2002 to February 28, 2015.The Forensic Audit Report was recommended by the Presidential Commission of Inquiry that investigated into the alleged Treasury bond scam on February 27, 2015, at the conclusion of its report.

    Meanwhile, State Minister Kanchana Wijesekara in Parliament assured that the government is not attempting to stop the Forensic Audit Report from being publicized.“We neither block it, nor did we remove parts of the report. Due to some issues, it might be suggested that we are trying to stop the submission of the report.” Wijesekara said.Wijesekara questioned if it is true that some of the parts and annexures of the Forensic Audit Report are still not accessible.

    “Some suggest that important details of this reviewed topic are not included in this report. This report was prepared spending around Rs. 900 million. However, the Indian companies that conducted this forensic audit has stated in its sections on limitations, that they were not provided all the call recordings or emails in relation to this investigation. If that is the case, what is the use of preparing such a report? In addition, the report observes that without the annexures, the report could be misunderstood. Thus it is important that we get all the annexures. We too want to expose these findings to the general public.” Wijesekara pointed out.

    At this juncture UNP MP Dr. Harsha De Silva rose in agreement with State Minister Wijesekara to point out that they indeed want the annexure to the report to correctly understand the findings of the Forensic Audit Report.“I find some truth in what Wijesekara points out here. However, according to what we have got to know, the Central Bank of Sri Lanka has sent a letter to Parliament saying that the approval of the Auditor General should be received in order to release the annexures. Speaker, yesterday, said that he would give permission to release all relevant documents. I too agree that we need all the annexures to understand this report. For example, the report observes that during 2005-2015 the government has incurred losses closing up to Rs. 10,470 MN from bond issuances. Of course, for us to understand this observation, we need to go through the annexures.”


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