Sri Lankan President Maithripala Sirisena has charged that only one out of ten 10 trillion rupee foreign loans taken by the previous government, could be accounted for. Addressing editors of local media in Colombo today, Mr. Sirisena accused that large sum of funds that should have been deposited with the treasury have gone to private companies and has been done in a systematic manner to avoid disclosure.<br/><br/>He said that there were sale of state owned institutions and some of these deals were done without even informing the cabinet of ministers. Mr. Sirisena took over as President in January 2015, replacing Mahinda Rajapakse, who belongs to his own party but is leading a joint alliance of opposition forces in the country. <br/><br/>Sri Lankan President has made a scathing attack on Mahinda Rajapakse and United National Party led by Prime Minister Ranil Wicremsinghe as local elections are scheduled for 10th of next month and political mudslinging is at its peak in the island country. The President also charged that an unholy alliance of elite robbers both in the government and the opposition had managed to delay the debate on the bond commission report. He challenged them to hold the debate on the report prior to the Local Government elections. The report has charged former finance minister and central bank governor for colluding in the scam and causing 11 billion loss to the exchequer.