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President extends term of Bond Commission until 31 December

President extends term of Bond Commission until 31 December

President Maithripala Sirisena has extended the term of the Presidential Commission of Inquiry into the Central Bank Bond issue until 31 December 2017 considering the current role of the Commission. An Extraordinary Gazette Notification signed by the Secretary to the President Austin Fernando, had announced the extension on 5 December.

The Commission was established on 27 January to investigate, inquire into and report on the issuance of Treasury Bonds during the period from 1 February 2015 to 31 March 2016. The period of the Commission has been extended several times with the last extension up to 27 October for the rendition of the final report of the Commission upon the completion of the assigned tasks.

However, the President on 25 October extended the term until 8 December.

The Commission concluded its hearings on 20 November.

(FT)

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