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Free Lawyers Organisation Criticises COPF Report on Treasury Controversy

Free Lawyers Organisation Criticises COPF Report on Treasury Controversy

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The Free Lawyers has accused the Parliamentary Committee on Public Finance of attempting to protect the main individuals responsible in the controversial payment incident involving the Central Bank of Sri Lanka and the Treasury.

In a statement, the organisation alleged that the committee’s report seeks to shield senior officials while shifting responsibility onto lower-level officers and computer systems.

The organisation further claimed that the committee had failed to fulfil its statutory responsibilities under Standing Order 121, describing the report as merely a compilation of facts rather than a comprehensive investigation.

It also criticised the committee for allegedly providing nearly one month of additional time to individuals connected to the alleged irregularities, claiming the delay allowed time to conceal wrongdoing and prepare supporting documents.

According to the statement, the administration of the Central Bank has remained silent on the issue even after 30 days, with the organisation alleging that the committee acted to protect the institution’s image.

The Free Lawyers organisation stated that the issue stemmed from the use of three separate and uncoordinated computer systems operated by the Treasury, the External Resources Department and the Public Debt Management divisions.

The organisation also questioned the role of the Treasury Secretary, claiming proper oversight may not have been exercised under Financial Regulation 135 when delegating financial authority.

It further warned that assigning responsibility for large financial transactions to a single director-level officer reflects poor administrative practice.

The organisation concluded by expressing serious concern that Parliament’s financial oversight mechanism had effectively endorsed an attempt to conceal those truly responsible for the alleged incident.

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