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Mar 07, 2017

Mahinda too, issued bond sale gazettes in the same manner Featured

Ex-president Mahinda Rajapaksa has now changed his previously declared stance to go to court against the controversial gazette notification on the Central Bank bond issues, a joint opposition MP told Sri Lanka Mirror.

That is because Rajapaksa had signed, as the finance and planning minister, the gazette no. 1791/13 issued on 01 January 2013 for the Treasury bond sales that took place in 2003 under the then UNF regime, whose finance minister was K.N. Choksy.

Rajapaksa’s signature is there to cover the 2003 bond sales - worth Rs. 7,041 million on October 01 at 7 pc annual interest, worth Rs. 19,623 million on August 15 at 7.5 pc annual interest, worth Rs. 11,047 million on February 01 at 8.5 pc annual interest and worth Rs. 41,024 million on July 15 at 8.5 pc annual interest.

Furthermore, the gazette mentions the date of issue as 01 January 2013, but it was printed and publicized only in September 2014.

Not only that, it has details of bond issues until late 2013, which are as follows:

Worth Rs. 20,009 million on November 01 at 9 pc annual interest, Worth Rs. 24,258 million on September 20 at 12 pc annual interest, Worth Rs. 101,456 million on June 01 at 9 pc annual interest, Worth Rs. 92,784 million on May 01 at 9 pc annual interest, Worth Rs. 33,809 million on June 01 at 9 pc annual interest, Worth Rs. 11,044 million on May 01 at 9 pc annual interest and Worth Rs. 21,050 million on February 01 at 9 pc annual interest.

In addition to the 2003 and 2013 CB bond sales, it also mentions those carried out in 2008, 2009, 2010, 2011 and 2012.

Rajapaksa had said that he would gladly accept the challenge by finance minister Ravi Karunanayake’s to go to courts if possible.

Related articles:

Foisting responsibility for the bond scam on the Rajapaksa govt.

 
Here’s the gazette notification with Mahinda’s signature

Ravi advised to rectify ‘criminal offence’!

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