IS ARJUNA MAHENDRAN , CHIEF OF CENTRAL BANK OF SRI LANKA , A CITIZEN OF SINGAPORE?
Posted on March 22nd, 2015

Ranjith Soysa

Arjuna Mahendran was a citizen of Singapore when he was appointed as the Governor of Sri Lanka’s Central Bank.  Recently a
alleged mega fraud took place at the Sri Lanka’s Central Bank in regard to  issue of treasury bonds including  allegation of insider trading.
Adding insult to the injury it was revealed that the bond issue had a connection to Arjuna Mahendran’s nephew questioning whether he was privy to the confidential information regarding this mega fraud running into billions of rupees.

At present, Arjuna Mahendran is on leave while the investigations in the fraud has commenced.  Meantime, the Government sources have revealed that Arjuana
Mahendren has been granted dual citizenship in Sri Lanka. But, according to the Wikipedia , a Singapore citizen cannot be a citizen of another country while holding citizenship of Singapore. It is absolutely interesting to ascertain whether Arjuna Mahendren is still a Singapore citizen as matters pertaining to this individual are becoming curiouser and curiouser.

7 Responses to “IS ARJUNA MAHENDRAN , CHIEF OF CENTRAL BANK OF SRI LANKA , A CITIZEN OF SINGAPORE?”

  1. Susantha Wijesinghe Says:

    YES RANJITH !! HE IS THE THIEF OF CENTRAL BANK OF SRI LANKA.

    Before the Elections, Maithree3 and his vagabonds were hopping in and out of Singapore, planning and scheming the back stabbing coup. So this is a result of the Treasury Bonds Affair, too.

    YES, HE IS A DENIZEN OF SINGAPORE.

    HOW CAN THIS BUGGER ROB THE EXCHEQUER WITH HIS NEPHEW, AND THEN TAKE LEAVE. A MELLIFLUOUS PRECEDENT, BY A DISHONEST PRESIDENT.

    All complicit in this robbery should be lined up and shot. It would have been history in a country like Korea or Russia.

  2. mohandev Says:

    Colombians must be rejicing with their champaign in their hands for their acgivement by beating MR’s loot within 50 days. Jayaweva ponna harak chanda dun buruwanta, specilay colomba kakante!

  3. Indrajith Says:

    It is important to ask the question, “Is Mahendran a citizen of Singapore or Sri Lanka?” from the government of Singapore. That way this greatest bank robber of our times can be exposed. As I understand, the government of Singapore is very strict about their citizens involving in corruption no matter where they do it, in Singapore or any other soil.

  4. Lorenzo Says:

    VERY GOOD POINT Indrajith!

    But Singapore is NOT strict when it doesn’t affect them. May be this is how Singapore wants to PREEMPT SL from posing ANY challenge to its shipping.

    LKY is dead. Now Singapore is in danger of ALINGING with either USA or China.

  5. Independent Says:

    Lorenzo,
    Let me tell you with my grass root knowledge that Singapore has no problem to keep aligned to USA yet keep China in excellent terms. Why ? Singapore will say “China is our relative”. It is a country which speaks Mandarin (80%).
    We in Sri Lanka speak Sinhalese (80%), cannot say “India is our relative”. Whoever say that must convert the country to a Tamil speaking place as a minimum ( Hindi speaking is preferred).

    We have no relatives. No friends. Only enemies. We can survive only by being strong. Not by talking nonsense like “India is our relative”.

  6. SA Kumar Says:

    Independent
    We can survive only by being strong- not agreed You Sinhalese survived / & will survive because We Tamil Sakkiliyas with you last 2,600 years & will for another 2,500 more years (We are not going any where)
    eg: last time We Kicked out IPKF other wise still will have new Singh children .
    NB/ Modi will send 2nd batch of IPKF soon , Velu where are you ? last found his underwear at Nanthi kadal !!!

  7. Sooriarachi Says:

    I am very sad about this central bank bond issue. Were there a series of coincidences or were they deliberately engineered leading to this massive profit for a company connected to the new Central Bank Governor Mahendra’s son-in-law?
    Why was Arjuna Mahendra, a non-citizen son of a good friend of the Prime Minister, persuaded to accept this position, when he wanted more time to decide?
    Why was Central Bank taken out of the Finance Ministry and transferred to the Prime Minister’s ministry?
    Why was Ravi Karunanayake appointed as Minister of Finance, when apparently there is an unresolved issue relating to the receipt of 5 million US dollars from US citizen Raj Rajaratnam, a childhood friend of Arjuna Mahendran?

    I reproduce below an ead an article which appeared in DailyFT of 23/03/15, written by one Mr Sarath De Alwis, a guest columnist. This is an extract from what he has written.

    “The furious bond issue is not about good governance or bad governance. It is about ugly governance.
    Money markets need laws, rules and regulations. The integrity, competence and judgment of the Monetary Authority is what is at stake today. The likes of Harsha, Eran and Sujeeva exuberant in Opposition seem to be exculpatory experts in Government. They seem to have forgotten the lessons of Singapore that they quoted with such enthusiastic élan when in Opposition. The allegation is that the primary dealer connected to the son-in-law of the Governor has put in a bid for Rs. 5 billion directly and through the Bank of Ceylon. It is alleged that it was based on information that was not available to others. The Bank of Ceylon is now headed by Ronald Perera P.C. and high profile member of the UNP Working Committee. Obviously the impugned insider information would have been available to the Bank of Ceylon as well.”

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