Violation of Dual Nationality & Financial Laws – Credibility of Central Bank of Sri Lanka at Stake!
Posted on March 13th, 2015
Prof. Hudson McLean
The position of the Singapore Government is that dual citizenship is not allowed. http://en.wikipedia.org/wiki/Singaporean_nationality_law
…..”Arjuna Mahendran got SL Citizenship within 24 hours with help from Ranil prior to appointment as CB Governor- JHU National Organizer says to Sirasa Tv.”….
Does Arjuna Mahendran, Governor Central Bank of Sri Lanka (CBSL), carry Dual Citizenship, Singapore & Sri Lanka?
The Concept of Dual Citizenship and the Sri Lankan 2015 Budget Provisions Posted by Administrator on 2 February 2015, 7:56 pm
If Arjuna Mahendran, Governor Central Bank of Sri Lanka is confirmed as a Dual Citizen of Singapore & Sri Lanka, then the question of legality should be cleared by a Sri Lankan lawyer. Singapore Government should clarify this position poste haste!
If Arjuna Mahendran, Governor Central Bank of Sri Lanka violating the Laws of Singapore and/or not offering the truth, should he be allowed to maintain his position in such a high capacity?
Breach of Financial Rogue Trading – Credibility of Arjuna Mahendran & his son-in-law Arjun Aloysius!
Example: British Rogue Trader Nick Leeson sentenced for six+ (6+) years in Singapore.
Ranil Wickremesinghe’s nominee Arjuna Mahendran for Central Bank governor.
……”Arjuna Mahendran has had a poor track record at the BOI and was accused of misappropriation of Rs 10 million, his son in law Arjun Aloysius is implicated in many deals involving the EPF, especially the purchase of grain elevators and LOLC resulting in losses in the billions. Can we expect him to investigate such scams?”…..
If Arjun Aloysius benefitted from Insider Trading, due to influence of Arjuna Mahendran, then legal action against one or both should be considered. Arjun Aloysius might Run to Singapore but he cannot Hide in Singapore or elsewhere!
Rumour has it that Arjun Aloysius enjoyed powerful relationship with Namal Rajapaksa, the son of ex-President Mahinda Rajapaksa. Friendship is ok, but did this influence led to any questionable financial activity?
…….Central Bank Governor Arjuna Mahendran was handpicked by PM Ranil for this high post. Arjuna Mahendran had allegations of financial irregularities as BOI Chairman. He went to hide in Singapore. His son-in-law’s company, Perpetual Treasuries had secretly got this scandalous deal. It smells of insider information of volume and interest rate. Bond of Rs. 1 billion became Rs. 10 billion, interest around 9.5% became 12.5%. That also for 30 long years, which is not the normal practice. Just 1% – 2% commission is mind bogging yearly earnings for all those involved……
FaceBook – Lanka Kala Paththare
…..”Current Finance Minister Ravi Karunanayake alleged to have received $3 million dollars (Rs. 390 million) from Raj Rajaratnam contravening exchange control regulations. The case is being heard in the Courts”…..
……A Veteran Journalist HLD Mahindapala has recently raised three salient questions in one of his articles in Colombo Telegraph;”…….
Do Honest Politicians Exist Globally?
When a well known politician David Strange, in his death-bed made his final request to his wife that, upon his death, his Head Stone in the cemetery should carry a simple message, “Here Lies an Honest Politician”.
His wife, perplexed asked why his real name should not be engraved. To which he replied that when people see the message will say, “That’s Strange”.
Perhaps some members of the Gallery of LankaWeb (who seem to love calling names) might suggest a few appropriate quotes for headstones of famous politicians in Sri Lanka!
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