Mahendran decided on issue of 30 year Bonds

29 March 2017 10:11 am - 6 - {{hitsCtrl.values.hits}}

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The Deputy Governor giving evidence before the Commission investigating the Bond issue said it was not the CB Monetary Board that decided to issue 30 year Bonds, but it was Arjun Mahendran who made the decision.

The Deputy Governor, P. Samarasiri also said that the former Governor Arjun Mahendran ordered to increase the limit of tenders to Rs. 10 billion at the auction held for the issue of 30 year Bonds.

The moment Mr. Samarasiri came to know of this position he had lost his temper. When questioned by Justice Prasanna Jayewardene, as to what made him lose his temper, Samarasiri had replied that this decision had been made known only to the two other deputies ignoring him.( Manopriya Gunasekera and Ranjan Katugampola)

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Comments - 6

bindu Wednesday, 29 March 2017 11:06 AM

If I were him I would have preferred committing suicide than sitting in a prison cell for 15 years.

Madiya Wednesday, 29 March 2017 11:18 AM

It all points to "GO TO JAIL". However there are a lot of "GET OUT OF JAIL" free cards in the Sri Lanka political game and finally nothing will happen. Waiting to cast my vote against these thieves at the next election and send them home for good.

Gamarala Wednesday, 29 March 2017 11:33 AM

He "lost his temper for not being informed" and then went ahead and carried out an irregular order without question. What a pathetic level.

wasantha Thursday, 30 March 2017 05:57 AM

he should have resigned without helping for this fraud. he should have come bofore media and reveal this fraud without staying so long in CB.. this applies to all... via DM Android App

TONY Thursday, 30 March 2017 07:54 AM

MAHENDRAN MUST BE NOTING DOWN ALL THE POINTS SO THAT HE CAN SUBMIT TECHNICAL POINTS AS HIS DEFENSE TO GET OF CHARGES

Gamaya Thursday, 30 March 2017 08:37 AM

It is easy for one to say that the Deputy Governor should have resigned without carrying on the illegal orders. After all Mahendran is the all powerful Governor of the Central Bank and his deputies are meant to carry out his orders.The. Deputy Governors post in the bank is his bread and butter.

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Mahendran decided on issue of 30 year Bonds

Comments - 6

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