{"id":56407,"date":"2017-11-16T16:40:09","date_gmt":"2017-11-16T21:40:09","guid":{"rendered":"http:\/\/dbsjeyaraj.com\/dbsj\/?p=56407"},"modified":"2017-11-16T16:40:09","modified_gmt":"2017-11-16T21:40:09","slug":"prime-minister-ranil-wickremesinghe-to-appear-before-presidential-commission-of-inquiry-on-issuance-of-treasury-bonds-on-november-20th","status":"publish","type":"post","link":"https:\/\/dbsjeyaraj.com\/dbsj\/?p=56407","title":{"rendered":"Prime Minister Ranil Wickremesinghe To Appear Before Presidential Commission Of Inquiry On Issuance of Treasury Bonds on November 20th."},"content":{"rendered":"<p><strong>Sri Lankan Prime Minister Ranil Wickremesinghe will appear before a panel investigating alleged irregularities in government bond sales, the panel\u2019s chairman said on Thursday.<\/strong><\/p>\n<p>Appointed by President Maithripala Sirisena after demands from opposition lawmakers, the panel has been looking into a central bank bond deal that some government critics said raised government borrowing costs.<\/p>\n<p>Chairman K.T. Chitrasiri said that the prime minister would appear before the Presidential Commission of Inquiry on Monday.<\/p>\n<p><!--more--><\/p>\n<p>Opposition lawmakers have said the bond auction in question lost the state more than $1 billion because of rising borrowing costs in the past two years. But the central bank has dismissed the opposition\u2019s claims.<\/p>\n<p>The auction, originally intended to sell 1 billion rupees ($6.51 million) of 30-year bonds, eventually grew to more than 10 times that amount, to meet government borrowing needs.<\/p>\n<p>More than half of the issue was sold to Perpetual Treasuries, a subsidiary of a company owned by the son-in-law of former central bank governor Arjuna Mahendran, who Wickremesinghe appointed to head the central bank.<\/p>\n<p>Perpetual Treasuries, Mahendran, and his son-in-law have all denies any wrong doing. Wickremesinghe\u2019s supporters also say there was nothing wrong with the sale.<\/p>\n<p>Political analysts have suggested that opposition lawmakers have been trying to discredit Wickremesinghe\u2019s anti-corruption policies and create a rift in the coalition government formed in 2015 by Sirisena\u2019s centre-left party and Wickremesinghe\u2019s centre-right party.<\/p>\n<p>The government has pledged to end the rampant corruption that affected the Indian Ocean island\u2019s previous government.<\/p>\n<p><em>Courtesy:Daily FT<\/em><\/p>\n<div id=\"tweetbutton56407\" class=\"tw_button\" style=\"float:right;margin-left:10px;\"><a href=\"http:\/\/twitter.com\/share?url=https%3A%2F%2Fdbsjeyaraj.com%2Fdbsj%2F%3Fp%3D56407&amp;text=Prime%20Minister%20Ranil%20Wickremesinghe%20To%20Appear%20Before%20Presidential%20Commission%20Of%20Inquiry%20On%20Issuance%20of...%20&amp;related=&amp;lang=en&amp;count=horizontal\" class=\"twitter-share-button\"  style=\"width:55px;height:22px;background:transparent url('https:\/\/dbsjeyaraj.com\/dbsj\/wp-content\/plugins\/wp-tweet-button\/tweetn.png') no-repeat  0 0;text-align:left;text-indent:-9999px;display:block;\">Tweet<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Sri Lankan Prime Minister Ranil Wickremesinghe will appear before a panel investigating alleged irregularities in government bond sales, the panel\u2019s chairman said on Thursday. Appointed by President Maithripala Sirisena after demands from opposition lawmakers, the panel has been looking into a central bank bond deal that some government critics said raised government borrowing costs. Chairman &#8230;<\/p>\n<p><a href=\"https:\/\/dbsjeyaraj.com\/dbsj\/?p=56407\" class=\"more-link\">Continue reading &lsquo;Prime Minister Ranil Wickremesinghe To Appear Before Presidential Commission Of Inquiry On Issuance of Treasury Bonds on November 20th.&rsquo; &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/56407"}],"collection":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56407"}],"version-history":[{"count":1,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/56407\/revisions"}],"predecessor-version":[{"id":56408,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/56407\/revisions\/56408"}],"wp:attachment":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}