Net Closes In On Arjuna Mahendran, As COPE Summons Him Next Week
Posted on June 30th, 2016

Courtesy Colombo Telegraph

The net appears to be closing in on the outgoing Governor of Central Bank Arjuna Mahendran, with the Auditor General implicating Mahendran in the first bond issuance which has resulted in the country losing a staggering Rs. 1.6 billion rupees, the Colombo Telegraph learns.

Arjuna Mahendran

Arjuna Mahendran

The highly anticipated Auditor General’s report containing details on the treasury bond transactions was handed over to Speaker Karu Jayasuriya and the Parliamentary Committee on Public Enterprises (COPE) on Wednesday.

The Colombo Telegraph reliably learns that the Auditor General’s report has been highly damaging to Mahendran.

Meanwhile, the COPE has decided to summon Mahendran for an inquiry next week.

COPE Chairman Sunil Handunneththi told Colombo Telegraph that the committee will meet on July 5 to discuss the AG’s report in detail.

We have also summoned officials from the Treasury, Central Bank including its Monetary Board for an inquiry,” he said

The Auditor General today submitted a report comprising of over 1200 pages to Speaker Jayasuriya, while a summarized report was handed over to COPE, which is currently carrying out an independent investigation into the bond transactions carried out during Mahendran’s term as Governor.

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