Public finance committee calls for CBSL observations on Sri Lanka bondscam audits

ECONOMYNEXT – The Parliament’s Committee on Public Finance has called for the observations of the Central Bank of Sri Lanka, on several forensic audits that shows alleged fraud in bond sales and investment made by the Employees Provident Fund.

“The Committee on Public Finance decided to called for observation of the Central Bank of Sri Lanka (CBSL) regarding the Forensic Audit report on the issue on Treasury Bonds at the Committee meeting held today (05) at the Parliament Complex,” the assembly’s media office said.

“Accordingly, the committee officials were directed to call for the participation of officials from the Central Bank of Sri Lanka in order to submit their observations on the report at the next committee meeting scheduled for the 18th of February 2020.”

The committee has also asked the Finance Ministry to justify a cut in value added tax from 15 to 8 percent.

The observations of the National Authority on Tobacco and Alcohol was called for in a change to tobacco taxes. (Colombo/Feb06/2020)