COPE interim reports to be presented to Parliament
An interim report on 20 institutions which COPE investigated from
January to April will be presented to Parliament, as soon as it is
translated into all three languages COPE Chairman Sunil Handunnetti told
the Sunday Observer.
He said the purpose of presenting interim reports as opposed to one
report at the end of the year, similar to the last five years, is to
expedite the investigation procedure and to ensure that the issues
raised in the reports remain valid and contextual. “The ideal situation
would be to present a report for every institution investigated the same
week itself to Parliament, but COPE doesn’t have the staff or resources
to carry out such a programme.”
Based on the Auditor General’s report, investigations on the Central
Bank Bond issue will continue, regardless of the newly-appointed
Governor, Handunnetti said.
The focus of the continuing investigation would be the monetary
losses to the country, individuals responsible, whether the money could
be refunded, in which case the method to be followed, the legal context
of the bond issue and preventive methods. If the Central Bank doesn’t
have existing rules and regulations to prevent such issues from
recurring, the investigations will look into making necessary amendments
as well. “The appointment of the new Governor will not have an impact on
COPE investigations,” he said.
Meanwhile, out of the 427 institutions, COPE is in the process of
carrying out investigations as they receive reports from the Auditor
General, and 35 institutions have been scrutinized by COPE so far.