Did the CB Governor connive with Malik to do the Bond deal? 

 Friday, 13 March 2015

There are still many unanswered questions with regard to the Treasury Bond deal and with the appointment of the three-member committee consisting of three UNP law association junior members with hardly any knowledge of how a treasury bill is structured and the purpose of a treasury bill the Prime Minister is surely trying to cover up something big for someone. Now it transpires and it is alleged by many that Malik Samarawickrema the current Chairman of the UNP, who was accused few days before the election by a Sunday newspaper that he had leaked information to the former president about Mr Sirisena and his crossovers had played a key role with Mahendran advising him what to do. This explains why no bankers or financial analysts were appointed to the committee by the Prime Minister.

Up to now the government has not given an explanation as to:

A)   How Perpetual got 50% of the Rs 10 billion bond issue?

B)   Why a 30 y bond was issued at 12+% to cover short-term government expenditure?

C)   How a 1 billion bond ended up becoming Rs 10 Billion?

D)   Why a committee was appointed minus any technical experts?

E)   Who authorized BOC to provide a facility to Perpetual three times the asset value of the company?

All in all, this entire Bond deal it seems was certainly not done by the Governor alone, it certainly involves many others. Only a credible investigation will help to find out the real culprits. Mr. Sirisena the President being a novice is being taken for a good ride by his senior Colleague the Prime Minister not only with this even the police investigations of the Public Security Ministry.

Good governance activist