Published On : Mon, May 9th, 2016

Treasury bond issue information leaked to Mahendran’s son-in-law?

4eb935fa2448cab6dc3a8c7fe74715dd_LThere are justifiable doubts that confidential information relating to the Central Bank treasury bond issues was being leaked, financial market representatives have told ‘Divaina’.

They suspect that the dealer firm linked to the son-in-law of Central Bank governor Arjun Mahendran and another connected dealer firm had received the information in advance.

This has led to unfair competition for other competitors in the market.

The financial market representatives have cited the activities of these two dealer firms in the market to support their allegations.

They have noted that a firm receiving confidential information in that manner could submit bids at higher interest to gain advantage.

Meanwhile, the Anti Corruption Front has written to president Maithripala Sirisena, requesting that a presidential committee of inquiry be appointed to investigate the CB treasury bond issues.

Observations into the issues dated 27 February 2015 and 01 April 2016 give rise to serious doubts about their authenticity, and it is unfortunate the CB has so far failed to prove its transparency with regard to both instances, the ACF letter adds.

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