{"id":45172,"date":"2015-07-02T14:02:27","date_gmt":"2015-07-02T21:02:27","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=45172"},"modified":"2015-07-02T14:03:00","modified_gmt":"2015-07-02T21:03:00","slug":"cope-report-on-bond-scam-dew-to-go-public-today","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2015\/07\/02\/cope-report-on-bond-scam-dew-to-go-public-today\/","title":{"rendered":"COPE report on bond scam: DEW to go public today"},"content":{"rendered":"

by Shamindra Ferdinando\u00a0Courtesy Island<\/em><\/span><\/h2>\n

The on-going controversy over the investigation carried out by a special 13-member committee into alleged Central Bank bond scam has taken a new turn with former Chairman of the parliamentary Committee on Public Enterprises (COPE) Dew Gunasekera deciding to go public today.<\/p>\n

The Gunasekera committee was the first in the country\u2019s parliamentary history appointed to inquire into a specific transaction.<\/p>\n

The General Secretary of the Communist Party and former MP has called for a media briefing today (July 3) at the Sri Lanka Foundation Institute (SLFI) to explain the circumstances under which he in his capacity as the COPE chief received a mandate to probe the CB transaction.<\/p>\n

The veteran politician yesterday told\u00a0The Island\u00a0that he had no option but to respond to several contentious matters raised by various interested parties since the dissolution of parliament last Friday. Gunasekera declined to elaborate while adding that he intended to address the media, alone, as former Chairman of the COPE.<\/p>\n

Gunasekera admitted that the UNP strongly objected to the report.<\/p>\n

Former COPE chief declared his intention to go public close on the heels of committee member Prof. Rajiva Wijesinha\u2019s call for the next parliament to take up the matter regardless of the outcome of the August 17\u00a0parliamentary election.<\/p>\n

The subject of the probe was a 30-year bond auction for Rs.1 billion on\u00a0February 27. The CB received 36 offers amounting to Rs. 20 billion, it has been found.\u00a0 Earlier CB officials had given an indicative rate that interest rates of 9.5 per cent would be taken into consideration with such pre-auction advice being the usual practice. However instead of selling one billion rupees worth of bonds they ended up issuing ten billion rupees worth at an enhanced interest of over 11 per cent.\u00a0Central Bank increased offer to Rs 10 billion with Rs 5 billion to Perpetual Treasuries. Of this, Rs 3 billion was given at 12.5%, there driving\u00a0up yields of 30-year bonds to 11.73% from 9.5% and also drove yields across other tenures<\/p>\n

 <\/p>\n

COPE Interim Report on Bond Scam (alleged insider trading)<\/span><\/a>
\n\u00a0 \u00a0 \u00a0 \u00a0… -Full Story-<\/a><\/span> (LankaWeb – 02\/07\/15<\/span>.<\/p>\n

https:\/\/www.lankaweb.com\/news\/items\/2015\/07\/01\/cope-interim-report-on-bond-scam-alleged-insider-trading\/<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

by Shamindra Ferdinando\u00a0Courtesy Island The on-going controversy over the investigation carried out by a special 13-member committee into alleged Central Bank bond scam has taken a new turn with former Chairman of the parliamentary Committee on Public Enterprises (COPE) Dew Gunasekera deciding to go public today. The Gunasekera committee was the first in the country\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-45172","post","type-post","status-publish","format-standard","hentry","category-forum"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/45172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=45172"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/45172\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=45172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=45172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=45172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}