Public Petition NOT to Re-Appoint Central Bank Governor Arjun Mahendran
Posted on June 11th, 2016

GLOBAL SRI LANKAN FORUM

Global Sri Lankan Forum, GSLF has commenced an On-line Petition” requesting Sri Lankan Government not to re-appoint the current Central Bank Governor, Mr. Arjun Mahendran due to his various malpractices and his alleged links with the LTTE Tamil terrorists in Sri Lanka and Globally.

To read the Petition and sign it, open the link below;

https://www.change.org/p/sri-lankan-goverment-central-bank-governor-of-sri-lanka-mr-arjuna-mahendran-not-to-be-re-appointed

The Full text of the Petition is as follows;

WHEREAS THE GOVERNOR OF THE CENTRAL BANK Of SRI LANKA ARJUNA MAHENDRAN HAS…

  1. Caused a massive direct loss of approximately Rs. 2 billion to the Government, by arbitrarily and suddenly changing the process of issuing Treasury Bonds issued by the government on 27/02/2015 claiming to have done so on the instructions of Prime Minister Ranil Wickremesinghe, while also causing a further loss of around Rs. 145 billion as a result of higher interest payments over the next 30 years,
  1. Caused further direct losses of more than Rs. 4 billion to the government through the fraudulent increase in interest rates as a result of the Treasury Bond issues on 27th March 2016 and 29th March 2016, in order to provide an undue advantage to connected primary dealers by indulging in further pre-meditated bond scams,
  1. Caused the Employees Provident Fund (EPF) which is under the supervision of the Monetary Board to stay away from the primary auctions for Treasury bonds on selected dates, while directing the EPF to acquire Treasury bonds in the secondary market within 3 or 4 days thereafter, thus enabling certain parties connected to the Governor, to pump-up” selected Treasury Bonds and to provided then with an opportunity to dump” the bonds upon the 2.5 million EPF members and other state institutions, and earn huge profits,
  1. Caused an increase in the interest payable on Treasury Bonds and Sri Lanka Development Bonds in the year 2015, by a massive amount of Rs. 66.4 billion, (as per the Central Bank Annual Report of 2015), through his arbitrary and fraudulent decision to change the method of issuing bonds, to auction-only”, thereby allowing the money market to be manipulated by persons and firms closely connected to him,
  2. Caused the Sri Lankan Rupee to depreciate by an unprecedented rate of 9% during the year 2015, even while recklessly dissipating USD 3,250 million out of Sri Lanka’s reserves, to secure the political objective of maintaining the value of the Rupee in the run-up to the August 2015 general election, by supplying massive amounts of forex from the country’s vital forex reserves,
  1. Caused the increase in the country’s public debt by a staggering Rs. 285 billion through the depreciation of the currency as a result of his gross mismanagement of the economy, thereby pushing the country towards a serious debt trap where the country’s debt to GDP ratio which was at a reasonable 70.7% as at end 2014, jumping to a massive 76.0% by the end of 2015,
  1. Caused the Central Bank to become the laughing stock in the global investing community by regularly making bogus and false statements to the markets about the state of the economy and in particular claiming that various forex inflows were imminent, including a blatantly false statement that an inflow of USD 1 billion was expected very shortly” from investors in Saudi Arabia,
  1. Utilized his official credit card for Rs. 14.5 million within a ten months in a reckless, wasteful and dishonest manner to pay for items of expenditure covering accommodation, food, entertainment, and other expenses at a scale and magnitude, unprecedented in the history in the Central Bank,
  1. Paid a sum of over Rs. 2.1 million said to be for the purpose of purchasing personal clothing from abroad through his official credit card, thereby claiming such personal expenditure from the Central Bank,
  1. Caused serious administrative issues within the Central Bank by providing special travel and other benefits to certain highly favoured employees, thereby causing serious dissension, distrust and disunity among the staff of the Central Bank, while also embarking on a repressive witch-hunt to punish members of the staff who he has suspected as being the whistle-blowers” of the waste, fraud and corruption perpetrated by him,
  1. Withheld the basic information pertaining to the fraudulent Treasury bond issues from the Monetary Board members as well as certain Good Governance Activists, who have requested such information, upon learning of the massive bond scams perpetrated and master-minded by him,
  1. Carried on duties stubbornly as the Governor of the Central Bank of Sri Lanka, even while being fully aware that President Sirisena (who is his appointing authority) had already requested Prime Minister Wickremesinghe to persuade him to resign from his office many months ago.
  1. The removed Chairman of the Lankaputhra Development Bank Limited (LDBL) by the Department of Bank Supervision is being protected by the Central Bank Governor. The Department of Bank Supervision of the Central Bank informed that the Chairman of the LDBL should no longer continue to serve in the said post due to that (i) he did not possess the professional qualifications required as per Section 3 (5) (IX) of the Banking Act, Direction No. 12, of 2007 and (ii) despite of previous warnings, the Chairman had unheeded them and failed to protect the Bank’s confidentiality and thereby failed to fulfill the duties and responsibilities of the post of the Chairman.   
  1. Alleged connections and dealing with LTTE Tamil terrorist organization and convicted financial fraudulent individuals’ detriment to the national security of Sri Lanka.
  2. Appointment of Arjun Mahendran as the Central bank governor is gross violation of the constitution as he is not a Sri Lankan citizen.
  1. Arjun Mahendra is a signatory of a leading bank in a middle East country where he was working prior to his appointment as the Central Bank Governor hence not eligible to hold such high profile post on the basis of conflict of interest”.
  1. He has not given oaths to protect the unitary status of Sri Lanka etc. that all government heads/ employees must do. This also a violation of the Article No 61 of the Chapter 1X of the constitution of Sri Lanka.

CONSIDERING THE ABOVE-STATED ACTS OF CORRUPTION, WASTE, FRAUD, AND POLITICALLY-BIAS OF GOVERNOR MAHENDRAN, WE, THE PEOPLE OF SRI LANKA OR ORIGIN FROM SRI LANKA DEMAND FROM PRESIDENT SIRISENA THAT

  • Arjuna Mahendran’s term of office as Governor NOT be extended beyond 30th June 2016 under any circumstances, thereby ensuring that the said Arjuna Mahendran is NOT permitted to continue with his unacceptable behaviour any longer, as well as NOT place the country’s economy in further danger.
  • Arjuna Mahendran’s actions and conduct be probed by an independent, bi-partisan and knowledgeable Commission of Inquiry, with wide powers.
  • Arjuna Mahendran’s direct accomplices and others who assisted, connived, acted-in-concert, aided, abetted, and co-operated with him in the commission and cover-up of all these fraudulent activities, be also probed and exposed.

WE, THE PEOPLE, FURTHER DEMAND THAT THE STATE RECOVERS THE PUBLIC PROPERTY SO DEFRAUDED AND MISAPPROPRIATED ARJUNA MAHENDRAN AND ALL OTHER PERPETRATORS OF THESE MISDEEDS AND ACTS OF COVER-UP, AS WELL AS SEVERELY PUNISH WITH THE FULL FORCE OF THE LAW, ALL SUCH PERSONS SO THAT THEY WILL NOT BE ABLE TO HEREINAFTER EMBARK ON ANY FRAUDULENT ACTIVITIES IN SRI LANKA OR ELSEWHERE IN THE WORLD.   

Thank You,

GLOBAL SRI LANKAN FORUM

11 Responses to “Public Petition NOT to Re-Appoint Central Bank Governor Arjun Mahendran”

  1. jay-ran Says:

    Fully corrupt UNP LEADER RANIL WICKREMASINGHA,THE BATALANDA MURDER CHAMBERS ORGANISER WILL NEVER RESEND THE CENTRAL BANK BOSS WHO HAS ALREADY DEMONSTRATED HIS ILLEGAL ACTIVITIES BY RELEASING BONSS TO HIS S-I-LAW TO MAKE ILLEGAL INCOME AND THIS BLOODY SINGAPAPPURIAN HORA???

  2. Ananda-USA Says:

    I unreservedly support this petition to not extend Arjun Mahendran’s tenure as Governor of the Central Bank and to Investigate and Prosecute him for any misdeeds he may have committed.

    This position must be held only by a sole-citizen of Sri Lanka who has all the required qualifications and is without conflicts of interest that would disqualify him or her.

  3. Sooriarachi Says:

    If these allegations are true – it’s my belief it is true -, then, Arjun Mahendran wont have a future in any self respecting nation. If he is a Singapore Citizen, then Singapore need to know all this. If he plans to settle down in USA, then the FBI need to know all this. Many nations wouldn’t touch him with a barge pole.
    As for this ‘scam’, President Sirisena too is answerable for dissolving the parliament the day before the COPE report on the Bond issue was to be tabled, and Ranil is answerable for not only appointing him, but assuring at the time Arjun won’t be a liability. He is also answerable for not investigating these allegations of massive fraud. Country cant afford this and very soon this country wont be able to even replenish the massive quantity of arms recently destroyed and further, may not even have funds to pay the salaries of our defence forces and therefore, reduce their numbers.

  4. ranjit Says:

    This guy should be hanged for such a crime. He shouldn’t be pardoned. His boss too need to be punished. We need to investigate all his past crimes including Batalanda massacre and other shady deals he had with LTTE like passing arms and ammunition from the harbor to LTTE territory during war time etc. YOU cannot call him Mr. Clean at all. He should be called Dirty Sam because of his connections to Uncle Sam.
    He has become a joker better than Bandu and his partner Hitan has become a beggar going from place to place shaking hands with white leghorns begging for survival. These two should be kicked out to keep our dignity and status as a developing country. Join us dear citizens.

  5. dhane Says:

    Prime Minister Ranil Wickremesinghe called himself Mr. Clean. Although he showed during two elections that he is “Dry cleaned” his Dirt cannot be remover. Therefore now we have to remover him and all his bunch of 92+ thieves.

  6. SA Kumar Says:

    We Mother Lankan Tamil !!!
    Dudugamu”s fainance minister is a Tamil !!!

  7. Ancient Sinhalaya Says:

    Traitor chief, die hard catholic, token Buddhist pol pot ponil wickramasinhalakiller appointed his catholic buddy
    maha hora ndran to rob CB and bankrupt Sri Lanka. He did the job in no time. Say MR hora and a lot of
    Sinhala modayas will believe every word. That’s the murderous (Sinhalese only please), catholic-run
    UNPatriotic party’s mantra. Bankrupt Sri Lanka, then they will have to go to west in all four
    and surrender. That’s what the west want. That’s what the diasporats want. That’s what india want. But a lot of
    traitor Sinhala modayas don’t understand this simple truth. No wonder they are called Sinhala modayas.

    Pol pot ponil wickramasinhalakiller appointed him and he is going nowhere. Pol pot has the final say. Puppet
    maru sira aka vairapala sorrysena has no say of course. Maha hora ndran got main qualification in catholic
    pol pot ponil’s eyes. He is a catholic. So nobody can touch him. Like his other buddies, john mara, karupaiya
    karunkanayagam, austin fernando (eastern governor), reginald cooray (northern governor). All catholics.
    All untouchable like the pol pot.
    Catholic run UNPatriotic party is at the driving seat. So Buddhists go to the back of the queue! Maha hora ndran going nowhere! Wait and see.

  8. Ancient Sinhalaya Says:

    Some useful links:

    http://ltte-christian-ties.blogspot.com/

    Catholic tigers of tamil drealam (cttd) killed 0 priests. Damaged 0 churches. Cttd killed 100s of Buddhist
    monks, killed pilgrims at Sri Dalada Maligawa and Sri Maha Bodhi (two of the most sacred places for
    Buddhists. No wonder traitor chief die hard catholic, token Buddhist pol pot ponil wickramasinhalakiller
    was an ardent fan of hitler pira(mala)paharan since they were killing Buddhists. All the staunchly catholic
    countries norway, uk, us, france, germany, brasil, argentina etc. etc. were supporters of the cttd.
    Even archbishop two three of south africa was an ardent fan. I wonder why? UNPatriotic party supporting
    Sinhala modayas any thoughts? I’m sure brain dead traitor morons can’t see any connection!
    Remember how catholic run UNPatriotic party murdered Buddhist jvpers? Burnt in tyres, Batalande Camp
    (Mr pol pot ponil was a saint there) etc. etc. 60,000 Buddhists gone. Good score for the catholic-run
    UNPatriotic party. No human rights for the 60,000. Why? Because they were Buddhists.

    https://www.youtube.com/watch?v=cV6_o9txURc

    http://www.lankagrid.com/soma-thero/

    All YAMA PAALANA handwork. Some traitor Sinhala modayas still worship this Buddism-destroying, Sri Lanka-
    destroying, Sinhalese-murdering catholic-run UNPatriotic party. No wonder they are called Sinhala modayas.

  9. Ananda-USA Says:

    Allo SA Kumar,

    Is Dudugamu related to Desmond Dudu of South Africa, to Idi Amin Dada of Uganda, or to Dampanthan of the TNA? Is it true they are all Damila too?

  10. Ancient Sinhalaya Says:

    King Dutugamunu’s telecommunication minister was a tamil. Evidence is in http://www.drealam.lk.

    All these asylum
    seekers proudly say I’m french, i’m american, i’m german etc. etc. as soon as they receive the passport in
    those countries (developed countries only please). But in Sri Lanka, it is different. They are special. They
    had kingdoms etc. forgetting the kingdoms were just 16 miles across the waters from kks. Show us evidence.
    Not from books. From bricks. Ancient bricks. Like in Anuradhapura, Polonnaruwa etc.

    Ungrateful, hateful, never loyal (since their heart is in hell hole tn)
    racists. Sinhalese not supposed to live in the north and east. Colombo is theirs. Sinhalese are not supposed to go universities in the
    north and east while they can write in tamil, marked up tamils, and go to any university (university through
    back door? medicine preferred) depriving Sinhalese of their share. Went to developed countries and claimed
    asylum blaming Sri Lankan government, when they were actually fleeing hitler pira(mala)paharan’s forced
    conscriptions. Their contribution to Sri Lanka? Murdering 100,000+ Sinhalese including Buddhist monks,
    women and children. After receiving FREE education and becoming doctors etc. etc. contriubuting to kill
    Sinhalese.

    They are
    never happy
    never grateful
    never loyal (since their allegiance and heart is in hell hole tn; in the 60s a lot of them swam/crossed
    to Sri Lanka to save their lives from the severe famine in tn; now paying back handsomely by joining the
    separate state bandwagon)
    never enough
    racists (if you’re not sure just take one look at Traitors Northern Alliance aka TNA’s sambanthan; always seething
    with hatred; you never see a smile in racist traitor’s face).

    So this isn’t the end of those ridiculous claims. Mother Lanka is very unfortunate to have so many enemies within
    with foreigners tamils and mussies. Sinhalese have to bend over backwards to please
    these never grateful, never enough, never loyal racists all the time.

  11. Ancient Sinhalaya Says:

    Some useful links to so called neo natives of Sri Lanka.

    http://jaffnahistory.com/Northern_Province/Sinhala_Villages_of_Jaffna_1695.html

    The neo natives’ contribution to Sri Lanka and the Sinhalese

    http://ltte-christian-ties.blogspot.com/

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