Apr 17, 2017

Commission to probe EPF’s CB bond purchases too Featured

The presidential commission probing the questionable Central Bank bond sales is to record evidence in connection with the related Employees’ Provident Fund issues and bids made at a state bank too, reports say.

The commission will now summon officials of the EPF and the bank in question, after first having dealt with the CB bond sales.

In addition, independent witnesses are due to give evidence as well.

The commission last sat on April 07, and will convene after the New Year, on April 24 at 10.00 am.

JVP leader Anura Kumara Dissanayake has alleged the EPF has lost Rs. 9.6 billion as a result of its purchase of the CB bonds, which had mostly been done through Perpetual Treasuries company.

Related articles:

‘14 pc tax on EPF investments’
‘Bond’ scam – EPF loss Rs. 8.5 billion