Home / BUSINESS / Central Bank confirms conducting a forensic audit into past bond issues

Central Bank confirms conducting a forensic audit into past bond issues

The  Central Bank of Sri Lanka confirmed today that in response to the numerous requests, the Bank will conduct a forensic audit into the issuance of Treasury bonds during the period from 2008 -2014.

In a statement issued today, the Central Bank declining to provide more details, said the audit will focus on government securities and EPF operations during the period 2008-2014 and it would be conducted by an external party.

The full statement issued by the Central Bank:

There has been a call for an immediate statement from the Central Bank of Sri Lanka on whether there have been any irregularities in the issuing of government securities during the period 2008-2014.

In this connection, attention is drawn to the Statement issued by the Monetary Board of the Central Bank of Sri Lanka on 11th January 2018. The last paragraph, therein indicates that a forensic audit would be conducted. The audit will focus on government securities and EPF operations during the period 2008-2014. This would be conducted by an external party. It is not appropriate to make any statement in this regard prior to the conclusion of the forensic audit.

 

About neo

Check Also

Committee for updating petroleum prices once in three months

The cabinet of Ministers has granted approval to appoint a committee consisting of the officials …

Leave a Reply

Your email address will not be published. Required fields are marked *