Friday 13 March 2015

No faith on PM’s committee?

A group of representatives from companies involved in financial market activities say that it is hard for them to have faith on the committee appointed by Prime minister Ranil Wickremesinghe regarding the controversial Treasury Bond issue.

Different opinions expressed regarding the Treasury Bond issue which was declared on the 27th Feb – 2015 and the Prime Minister after having consulted the President over the phone decided to appoint a three member committee to investigate the matters concerning the above issue.

The company representatives say that although it was President Maithripala Sirisena who advised the Presidential secretary to look into the issue, it had changed and the committee was later appointed by the Prime minister.

They say that doubts are being raised whether this is a plan to shelve the issue.

Noting that they are doubtful whether the appointed panel has specialised knowledge on the subject, the representatives say that instead, it is more apt for the President to appoint a panel comprising of individuals with expertise on financial market activities.
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