CB to hold forensic audit in bond sales

Wednesday, 17 January 2018 00:01 - - {{hitsCtrl.values.hits}}

Declines comment on Rajapaksa-era bond sales until audit completed

The Central Bank yesterday said it would be premature to make any statement regarding the bond sales of 2008-2014 until a forensic audit commissioned by the monetary authority was completed.

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

In this connection, the Central Bank drew public attention to the statement issued by the Monetary Board of the Central Bank on 11 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,” the Central Bank said in a statement.