When 'Sri Lanka Mirror' telephoned the former finance minister at his home, a lawyer of his answered and responded to the questions posed.
The lawyer noted that the CB was not under Karunanayake at the time, although only he had been made responsible for the Rs. 11,000 million loss.
He said the ex-minister went before the commission and gave evidence in order to support the investigation, and rejected the accusation that he gave false evidence.
He declined to comment further, but said legal action would be taken.
What the UNP says :
Meanwhile, UNP deputy general secretary Ajith P. Perera has told BBC Sinhala Service that his party approved of the commission recommendation that legal action should be initiated against Karunanayake, Arjun Aloysius and other accused.
Perera stressed that the commission has concluded that prime minister Ranil Wickremesinghe had done nothing wrong, and that his responsibility in the appointment of Arjun Mahendren as the governor of the Central Bank was proper.
He pointed out that excepting the recommendation with regard to Karunanayake, all the other recommendations in the report were also recommended by COPE of which he was a member.
The law should be enforced equally against those responsible, he said, adding that if the existing laws were inadequate, a special act should be introduced as said by the president, to recover the loss from the scam.
'UNP approves of the recommendations'
Meanwhile, CaFFE executive director Rajith Keerthi Tennakoon too, questions as to why the report found only Karunanayake responsible.
It is clear many others in active politics were involved in the scam directly or indirectly, but they have been covered up, he says in a statement.