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May 2018
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News Headlines
'Tired' AB De Villiers retires from international cricket        Natco Pharma PAT for Q ending March 31 up by nearly 70 pc        Trump-Kim meeting set to take place on June 12: Pompeo        Corruption cases result of high treason case instituted against Musharraf: Sharif        Clashes in Gujarat town over Dalit man adding 'Sinh' to name        Rahul to hold rally on farmers' death anniversary in Mandsaur in June        HDK sworn in Karnataka CM at mega opposition show of unity        Anti-Sterlite protest: 11 killed in police firing in Thoothukudi        No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal        Gowda says he is not opposed to Shivakumar being made minister        For the first time in 226, woman to lead the NYSE        Now, it's India vs Pakistan over Kishanganga project at World Bank        Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province        SBI Q4 loss at Rs 7,718 crore as NPA provisions jump        Faf du Plessis shines as CSK beat SRH to enter seventh final        Emery set to succeed Wenger as Arsenal boss - reports        Venezuelan Prez Nicolas Maduro wins re-election        Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case        BJP now down to 272 Lok Sabha seats from 2014 tally of 282        Modalities of Government Formation in Karnataka Finalised, Says HD Kumaraswamy        
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International News
Lanka PM appears before bond probe panel
 
(Colombo, Nov 20, 2017): Sri Lankan Prime Minister Ranil Wickremesinghe today appeared before a presidential investigation commission probing the issuance of bonds by the central bank, in what the opposition has alleged is the "biggest scam" in the country's history.

Wickremesinghe is also the minister in charge of the Central Bank of Sri Lanka, and has been accused of appointing his close friend Arjuna Mahendran as its governor despite a conflict of interest involving Mahendran's son-in-law's links to primary dealer firm Perpetual Treasuries.

Perpetual Treasuries was alleged to have made thumping profits in two central bank bond issues in February 2015 and March 2016. The opposition has dubbed this as the "biggest financial scam in Sri Lanka's history".

Wickremesinghe spent over one hour before the presidential commission of inquiry investigating bond sales following his written submissions sent earlier.

"I had an opportunity to explain our government policy on public debt...," Wickremesinghe said as he left after testifying.

"The president, secretary of our party and our ministers have come forward to fearlessly give evidence," he said, adding, "the 'yahapalanaya' (good governance) will move forward. There is nothing to hide. There may have been mistakes, shortcomings, but the 'yahapalanaya' will move forward".

The opposition has called for Wickremesinghe's resignation over the alleged scandal.

Wickremesinghe was summoned before the commission following his public announcement last month that he was willing to testify should the commissioners require any clarification from him about government policy on bonds.

Mahendran, who was sacked by President Maithripala Sirisena after the scandal broke, in his testimony had told the commission that it was the prime minister who wanted him to do away with the system of private placements and go for public auctions to ensure more transparency in bond sales.

Sirisena appointed the three-member commission in January to investigate whether the country lost billions of rupees, as claimed by the opposition, as a result of inside information leaked to a primary dealership linked to Mahendran's son-in- law.(PTI)


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For the first time in 226, woman to lead the NYSE
Now, it's India vs Pakistan over Kishanganga project at World Bank
Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province
Venezuelan Prez Nicolas Maduro wins re-election
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ENTERTAINMENT NEWS
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KERALA NEWS
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NATIONAL NEWS
Clashes in Gujarat town over Dalit man adding 'Sinh' to name
 Ahmedabad, May 23 (PTI) Angered by a Dalit man's decision to add the suffix 'Sinh' to his name, a gr
Rahul to hold rally on farmers' death anniversary in Mandsaur in June
No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal
Gowda says he is not opposed to Shivakumar being made minister
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