Central Bank Governor Arjuna Mahendran’s in investigation snare

Updated: 00:00 GMT, Jan 1, 1970 | Published: 03:43 GMT, Apr 17, 2015 |

The Central Bank Governor Arjuna Mahendran was yesterday (16.04.2015 Thursday) questioned by the Bribery Commission for about six hours in connection with the sale of Central Bank Bonds. Mr. Mahendran arrived at the Commission to Investigate Allegations of Bribery or Corruption at 9.00 a.m. and was questioned until 3.30 p.m. after which a statement was recorded.  A senior official told media that Mr. Mahendran was grilled in connection with a complaint made against him in connection with treasury bonds issued to a private company involved with his son-in-law.

The Governor who left for Singapore on March 9 in the midst of the Treasury bond controversy had said he was ready to face an inquiry when he returned to the country.  The Sri Lankan-born Singaporean economist and banker was appointed by President Maithripala Sirisena as the Central Bank Governor on January 15.  His passport had also been impounded by the Commission on March 13, as soon as he returned to the country after visiting Singapore.