The Central Bank should be brought under the Finance Ministry
Posted on March 27th, 2018

Rajith Keerthi Tennakoon Executive Director/CaFFE Executive Director/CHR-Sri Lanka

The Central Bank should be brought under the Finance Ministry

The Central Bank should be brought under the Finance Ministry immoderately given Prime Minister Ranil Wickremesinghe’s involvement in the Treasury Bond scam, executive director for Campaign for Free and Fair Elections (CaFFE) and Centre for Human Rights (CHR) Rajith Keerthi Tennakoon said.

He added that although the Presidential Commission Report on the Treasury Bond scam was publicized several months ago and that the President should have taken away the control of Central Bank away from the Prime Minister. Without such a step being taken initiatives against the Treasury Bond scam is only a media show.

“The Treasury Bond scam happened because the Central Bank was taken away from the Finance Ministry. If a massive fraud takes place in a government institution, the Minister in charge is responsible. However Ranil Wickremesinghe still controls the Central Bank. Thus the President needs to take the Central Bank away from the PM,”he said .

Tennakoon added that the Tamil National Alliance (TNA) is playing a main role in protecting those involved in the Treasury Bond scam. The TNA has ensured that the debate on the Treasury Bond scam was not taken up in parliament by insisting on a Tamil translation. “We must respect the national language policy. But using that policy to protect crooks in deplorable,”he said.

Rajith Keerthi Tennakoon
Executive Director/CaFFE
Executive Director/CHR-Sri Lanka

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