Bond scam probe commission’s term extended again
Posted on December 7th, 2017

By Shyam Nuwan Ganewatte Courtesy The Island

The tenure of the Presidential Commission of Inquiry probing the alleged bond scams has been extended by another 23-days and it was the fourth extension given.

The Commission was established on January 27, 2017, by a special gazette notification no. 2003/41 as per article two of Commissions Act.

Thereafter its tenure was extended twice by three months each and a further six months subsequently.

Hence, the duration given for the Commission was to have expired today (8) and its report was to be handed over to President Maithripala Sirisena today.

However the tenure of the Commission has been further extended by another 23-days till December 31 and it was promulgated via gazette notification 2048/29 of December 6.

The Commission was established for the express purpose of investigate and report on the treasury bond issues during the period February 1, 2015 and March 31, 2016.

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