The Presidential Commission of Inquiry appointed to probe the Central Bank bond scam arrived at the Central Bank a short while ago to witness the auction of Treasury Bonds.

The Commission yesterday indicated they would need to witness the auction of Treasury bonds to determine if a scam took place at the last issuance.

Former Central Bank Governor Arjuna Mahendran is suspected of  manipulating the system to benefit Perpetual Treasuries - allegedly owned by his son-in-law

Perpetual Treasuries, a primary bidder at the last auction, made a profit of 10 billion at the end of the financial year.

The Presidential Commission of Inquiry was appointed by President Sirisena on January 27, and is made up of two Supreme Court Judges and a former Deputy Auditor General.