Sri Lanka President seeks ex-central bank Governor extradition from Singapore

Arjuna Mahendran

ECONOMYNEXT – Sri Lanka’s President Maithripala Sirisena has signed documents seeking the extradition of ex-Central Bank Governor Arjuna Mahendran from Singapore, a statement said.

President Sirisena, in his capacity as Minister of Defence had signed file with 21,000 pages, prepared by the Attorney General, to be sent to Singapore.

The documents would be given to the Foreign Ministry to be sent to Singapore, the statement said.

Mahendran, a Singapore citizen was appointed Governor of Sri Lanka’s Central Bank in 2015 by Prime Minister Ranil Wickremesinghe.

From February 2015, Perpetual Treasuries, a firm linked to his son-in-law Arjun Aloysius was involved in a series of bond auctions where larger than offered amounts were sold at high yields.

At the first auction, Mahendra was alleged to have ordered officials of the state debt office to have sold higher than offered amounts over their objections.

The bond were later alleged to have dumped on the Employees Provident Fund, a private sector fund managed by the central bank, at higher prices, when interest rates fell.

A series of such auctions took place. (Colombo/Sept06/2019)

Latest Comments

Your email address will not be published. Required fields are marked *