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Sunday, 14 August 2016





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Government Gazette

Stormy COPE session over Treasury Bond probe:

Timeline to complete investigation

The Committee on Public Enterprises (COPE) meeting on the Treasury Bond investigation turned into a stormy session, on Friday evening, with members exchanging heated arguments over the committee’s future action with regard to the probe.

New Central Bank Governor Dr Indrajith Coomaraswami, Deputy Governors Dr Nandalal Weerasinghe and P Samarasiri appeared before the Committee, on Friday evening. COPE members cross questioned officers with regard to the controversial bond sales on February 27, 2015 and March 29, 2016.

COPE proceedings took a new turn when UNP MPs suggested that the Committee should obtain evidence, separately, from individuals involved in the Bond issue. This proposal, however, met with heavy resistance from other members as they thought it would delay the entire process.

Non-UNP members of COPE fired salvos at Deputy Minister Sujeewa Senasinghe for asking questions from witnesses in a seemingly abrasive manner. In response, Senasinghe vehemently denied allegations saying in his capacity as a COPE committee member, had every right to gather information on the matter.

At this point COPE decided to come up with a roadmap with a specific timeline to fasttrack the investigations pertaining to the controversial Treasury Bond issue. COPE sources said Committee Chairman Sunil Handunnetti would present a roadmap at the next meeting on August 23.

COPE would adhere to this roadmap and conclude investigations on the specific date given in the timeline.COPE sources also added that this decision was taken to avoid undue delays in completing investigations.


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