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Fierce debates erupt countrywide over Central Bank bond transactions controversy

Oct 22, 2016 10:45:38 AM - newsfirst.lk

A great debate has arisen in the country regarding the controversy surrounding the Central Bank bond transactions..Former chairman of the Committee on Public Enterprises or COPE provided clarification on the issue noting that the actions of the former central bank governor should be reported to parliament

“I do not know of any instance in the history of parliament where two reports have been presented by COPE”, said the former chairman, who pointed out that actions of this committee have been politicised, and it is a sad state of affairs – and if there is a division with regard to the report then it will prove to be useless.

He added that when such things happen, the parliament cannot take proper steps on financial discipline and if this goes for a vote, then the votes will be cast along party lines and there is a possibility that a majority may oppose this, while eventually what happens is what the people expect from the COPE committee does not materialise.

He went on to note that if such a noble institute divides itself along political lines and produced two reports, then it will be a blow to financial discipline. And when considering it from the side of the people, a question arises as to how they can continue to place their trust in the parliament.

“This could turn to be one of the most saddening instances in the history of politics”, he said

He further stated that the only thing left to do is to call on the president to intervene and appoint a presidential commission under the leadership of someone like a former supreme court justice – and produce a report in two or three months.If you want to safeguard financial discipline in the country then there is no alternative left, he pointed out.

The post Fierce debates erupt countrywide over Central Bank bond transactions controversy appeared first on Sri Lanka News - Newsfirst | News1st | newsfirst.lk | Breaking.