May 23, 2018

Ex- power secretary ordered to give statement Featured

Colombo Fort magistrate Lanka Jayaratne today (23) ordered the secretary of the monetary board of the Central Bank to conduct a forensic audit into a sum of Rs. 12 billion involved in the sale of CB bond sales during the previous regime.

The possibility of holding the audit by the auditor general’s department will be looked into.

The magistrate considered a request by the CEB and the FCID and ordered to report within two weeks about the bonds that are due to mature and their owners.

She also prohibited the recipient companies of the above money invested in Entrust Securities from being transferred or sold.

Four suspects presently on bail appeared at the hearing.

The magistrate also ordered former CEB chairman and secretary to the ministry of power and energy M.R.M. Ferdinando to give a statement to the FCID on the 22nd.