Bond scam forensic audits not final | Sunday Observer

Bond scam forensic audits not final

8 September, 2019

The forensic audit reports of the bond scandal has still not been finalised and the first report is expected only by the end of September, Central Bank Governor Dr Indrajith Coomaraswamy told the Sunday Observer.

According to him two reports are expected in October and the final two are to be finalised in November.

“Between the end of September and November of this year we can expect all audit reports to be finalised and sent to us,” the Governor said. The Presidential Commission inquiring into the Bond scam recommended a forensic audit to be carried out on the bond scam transactions.

Thereafter international audit firms KPMG and BDO were selected to perform the forensic audits.

When asked if there were any interim reports he said that although there have been a couple of interim reports the findings were preliminary.

“The interim reports are based on the data that the teams have been looking at and they need to look more deeply into the transactions and even interview some before finalizing,” he said. The audit report will mainly look into the financial dues, assets and transactions that have taken place. Following the Bond Commission the Attorney General has indicted 10 accused of the bond scam including the former Central Bank Governor Arjuna Mahendran, officials of Perpetual Treasuries and several other officials of the Central Bank.