Sri Lanka forensic audits on bond sales biased and inaccurate, part of cover-up : Cabraal
Notice: Undefined variable: insert_after in /home/customer/www/economy.oddly.co/public_html/wp-content/themes/enext/single.php on line 166
ECONOMYNEXT – Several forensic audits into bond sales conducted by the central bank has come under fire from ex-Central Bank Governor Nivard Cabraal who says they were part of a cover up so-called bondscams in 2015 and 2016.
The forensic audits covered the period of 2002 to 2015 and 2015 and 2016.
Cabraal said when the bondscams occurred during the time of the ex-Prime Minister Ranil Wickremesnghe, various distractiosn were brought up and inquiries were carried out so that perpetrators could get way.
“In that grand scheme of deception and cover up, a direct proposal was made to the Bond Commission by the then Prime Minister , and based on that suggestion eh Bond Commsion recommended the forensic audits which now been purportedly carried out under the authority of the Members of the Monetary Board,” he said.
“Unfortunately however, however several members of the monetary board board were serving in the board while the bondscams were were being carrien out with impunity while others have been involved in covering up the scams to the greatest extent possible.
“As expected therefore the purported forensic audit reports has been converted into an instrument to slight mud at the pre-2015 political authorities and central bank administration based on inaccuracies distortions and downright lies.
He said data had been cherry picked, and biasec conclusions had been arrived at.