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Sri Lanka central bank replaces bond tender board

ECONOMYNEXT – Sri Lanka’s central bank has replaced a tender board that conducts government bond auctions, its former Chairman P Samarasiri told a commission of inquiry.

Deputy Governor Samarasiri said he was informed in writing that members were being remove any hindrances to give evidence to the commission.

The commission was appointed by President Maithripala Sirisena to inquire into alleged bond scams that occurred in 2015 and 2016 when Arjuna Mahendran was Governor of the Central Bank.

It was alleged that Perpetual Treasuries, a company connected to his son-in-law benefited from rigged auctions and insider information. Mahendran has denied wrongdoing. (Colombo/Mar29/2017)

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