Former Securities and Exchange Commission Chairman Nalaka Godahewa said 'Greek Bonds' was one of the few investments by the Rajapaksa government that went wrong. 

Addressing a press conference organized by the Viyath Maga organization, Godahewa said there were many other investments, initiated by the Rajapaksa administration, that yielded positive results. 

"The impact of Greek Bonds was neutralized by the investments that produced desired results. This is not an unusual situation by any means. Any business would make a number of investments and one of them might go wrong. This, however, doesn't make the entire business a failure," he explained. 

"The total loss incurred by Green bonds is less than 1 Billion. However, the current government caused far more serious financial losses to the country through their illogical and short-sighted policy decisions," Godahewa said. 

"The compensation paid to China for delaying the Port City project is far greater than the loss incurred by Greek Bonds. They also made a similar blunder by attempting to cancel the contracts relating to Grand Hyatt hotel and ended paying a massive compensation," he said.