Sri Lankan inquiry says former governor may have acted criminally

Finance minister may have been “corrupt” and deputy governors were “negligent”, report says

Central Bank of Sri Lanka
The Central Bank of Sri Lanka
Amithasundar/Wikimedia Commons

A Sri Lankan official inquiry into bond transactions by the country’s central bank says the institution’s former governor, Arjuna Mahendran, should be investigated for having possibly committed criminal offences.

Mahendran should also be sued in the civil courts to recover large sums of money which were lost due to his alleged malpractice, the inquiry’s report says. In addition, it strongly criticises other senior officials, including the country’s prime minister, who it says too readily

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