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“We are not planning to take any action against him,” Kiriella said.
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“There were three draft reports on this bond issue, But none of the reports proved that Arjun Mahendran is wrong, That is the truth,” “The reports were not presented to the parliament because nothing has been proven, The COPE report didn’t present because there is nothing wrong.” In April, Economic Affairs Ministry issuing a statement said that the committee appointed by Prime Minister to probe the controversial 30 year bond has found that Central Bank governor Arjuna Mahendran had no direct participation in the incident. “The Committee concluded that there was no evidence to the effect that the governor had direct participation with regard to the activities of the Public Debt Department and the Tender Board Committee.
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” the statement said. The statement further said that the Committee has noted serious lapses on the part of the Bank of Ceylon through whom Perpetual Treasuries had routed an unusually large amount of bids for the 30 year bond. “The Committee observed that the bidding pattern of Perpetual Treasuries was unusual and warranted a further investigation.
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” the statement further said. Then a Committee on Public Enterprise (COPE) appointed a sub committee comprising 13 Government and Opposition legislators on May 22, this year to look into the controversial Central Bank Bond issue, following the Speaker’s ruling on a motion submitted by UPFA Parliamentarians seeking the dismissal of Central Bank Governor. In the motion, the Opposition Parliamentarians have alleged that the three-member committee appointed by Prime Minister Ranil Wickremesinghe to look into the matter was not independent.
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“If the Cope chairman has found any guilt on the governor, he has all the rights to stand up and speak in the Parliament,” Kiriella said.
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Yes, he is very clean and crystal clear like your boss Ranil!
Minister Kiriella to who you are telling this lies
( “The reports were not presented to the parliament because nothing has been proven, The COPE report didn’t present because there is nothing wrong” )
We already read whole draft and there are so many blues with entire deal and aftermath. I think you are still trying to fool citizens just to re-grab their votes again. either guilty or not COPE must be presented their report to the parliament . That is the procedure for this special assignment by the Parliament to the COPE. Your Government tried to hang on with power for unwarranted period ,but caught up because this COPE findings and 3 No Confidence Petitions against Minister John, Minister Ravi and PM Ranil. That’s why dissolve the Parliament. This is a grave financial crime we heard for SL history.
Is there or is their not a criminal breach of trust by those responsible for the flawed issue of the bonds in question. Or is the government going to pass the blame,eventually, on the public. You will not be voted in at the general election for we are clear that you are sacrificing the public at the alter of filthy practice.
When the CB Governor has told the COPE committee that he acted according the instructions of the Prime Minister under who’s Authority is CB, how can UNP take any action against the CB Governor? They have to take action against their own Prime Minster for instructing CB Governor to rob the country’s wealth, on his and his party’s behalf.
This man would not act in the best interest SL, let alone the CB. He wont give a crap if SL’s banking system collapse. His loyalties are with Singapore and Tamils, hence it is understandable we wont do anything to benefit Sri Lanka.
But the previous two were sinhalese and Sri Lankans. What interest did they have for the country? The banded with the then government and looted the country. It will be a difficult task for MR to find and clean up the governance as for three decades it has been increasingly corrupt.
That does not mean Mahendran inquiry should stop.
People know the reality of the both SLFP and UNP. In this case , there is a allegation can be shown clearly. It has proved by two committee reports specially parliamentary reports. Only thing is , he should be removed and appoint suitable persona otherwise slogan of GOOD GOVERNANCE is only meaningless and strategic slogan. People cannot cheat.
Why are the UNP against the release of the COPE report if it finds Mahendran to be innocent? It would be the exact opposite, right? If COPE actually clears the governor, the UNP would want this report released as soon as possible.
The plain fact is COPE, which comprised MPs from the UNP-led government and the opposition, found that Ranil’s ‘independent’ committee did not do a thorough investigation, as there is direct evidence from Central Bank staff that Mahendran personally intervened ‘numerous times’ to ensure that his nephew’s firm would have an advantage over all other securities dealers. The COPE report also shows that Ranil and UNP leadership sought to cover up this crime, and therefore they also should be investigated and removed from office if found guilty of this cover up.
Ranil and the UNP can’t go around claiming they are for “good governance” and then covering up crimes of UNP officials. Voters are not going to view the UNP favorably if they read the COPE report, and this is the ONLY reason the UNP is trying to prevent the public from knowing the details contained in the report.
A few points
1. There is no cope report, only a draft.
2. The draft is extremely sloppy, inaccurate, misleading, and jumps to conclusions ad hoc. It lacks credibility.
3. There is clear bias by members of cope who are citing a draft of a leaked document (weak source) to allege illegal activity of a high official
The Governor is likey innocent and has been dragged through the mud by those who have political agendas.
He will be vindicated, and the confidence in him by the PM and Pres will increase dramatically as the years go on. Those trying to destroy him have failed.