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Bond Commission requests President for term extension

The Presidential Commission of Inquiry investigating into the issuance of Treasury bonds requested the President to extend their term period as the commission yesterday (17) completed recording evidence which commenced on January 27,2017.

The request has been made as to continue the proceeding of the Commission, Secretary of the Commission, Sumathipala Udugamasuriya said.

Justice Chithrasiri said hearings continued for 120 days with 63 witnesses giving evidence before the Commission.

President Maithripala Sirisena appointed the Presidential Commission of Inquiry to investigate and report on the Central Bank bond issue on January 27,2017.

The Commission was headed by Supreme Court Judge, Justice K.T. Chithrasiri and comprised of two other members, namely,Supreme Court Judge P.S. Jayawardena and Rtd. Deputy Auditor General K. Velupillai.

The President had on January 22 announced that he would appoint a Special Presidential Commission of Inquiry to investigate the Central Bank bond issue and recommend actions.

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