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* Opposition legislators call for inquiry into Sri Lanka Central Bank's investment in Greek Bonds
Wed, Oct 31, 2012, 11:30 am SL Time, ColomboPage News Desk, Sri Lanka.

Oct 31, Colombo: A group of legislators from Sri Lanka's main opposition United National Party (UNP) lodged a complaint with the Commission to Investigate Allegations of Bribery and Corruption calling for an inquiry into the Central Bank's investment of public funds in Greek Bonds.

UNP parliamentarian Sujeewa Senasinghe along with MPs Thalatha Atukorale and Rosy Senanayake had lodged the complaint with the Commission.

Senasinghe has also filed a fundamental rights petition before the Supreme Court on the matter.

The Central Bank's decision to invest in Greek Bonds had resulted in the loss of millions of rupees to the country, the parliamentary Committee on Public Enterprises (COPE) said last week presenting its interim report on public institutions.

The Central Bank had allegedly invested the monies in violation of monetary regulations and without considering risk analysis.

The COPE also recommended a further investigation into the Central Bank's investment in Greek bonds which has resulted in the loss of around US$ 15.6 million to the country.

** Related Story :: Parliamentary committee monitoring public enterprises of Sri Lanka recommends investigating Greek bonds investment



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