Mahendran spent Rs.66mn for his own purposes: VAC

5 February 2017 04:33 pm - 19 - {{hitsCtrl.values.hits}}

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Former Central Bank Governor Arjuna Mahendran spent Rs.66mn of Central Bank funds on 163 occasions during a span of 21 months for his own purposes, Voice against Corruption (VAC) Convener Wasantha Samarasinghe alleged today.

He said his allegations were based on an audit report prepared by the CB's Internal Audit Department and that the money allegedly embezzled was second only to the infamous bond issue, in which Mr. Mahendran is also said to be involved.

“The audit report gives details of Mr. Mahendran’s foreign tours and his credit card bills during his tenure up to August 1, 2016. He has failed to produce valid invoices for the 163 occasions he had either purchased goods for himself or had paid hotel bills. On one occasion he is known to have bought a blazer for Rs.2,000,000,” Mr. Samarasinghe said.

The audit report had found more irregularities with regard to Mr. Mahendran’s expenditure in one instance he had produced two invoices for staying at two separate hotels on the same day.

“Attention had been diverted from Mr. Mahendran’s misuse of funds with the bond issue coming to the forefront. He is friend of the Prime Minister and also works under him. Former Police Special Task Force Chief has been imprisoned on charges of misusing Rs.140,000 and if so Mr. Mahendran should also be put behind bars for a longer period,” he said.

The parliamentary Committee on Public Enterprises (COPE), in its final report on the CB Bond issue held CB's former Governor Arjuna Mahendran directly responsible for the questionable transaction and urged legal action.

Mr. Samarasinghe said the VAC would complain to the Police Financial Crimes Investigation Division (FCID) as well. (Thilanka Kanakarathna)

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Comments - 19

ceylon Monday, 06 February 2017 03:25 PM

educated but no high quality of life.all these theives are cheap garbage. via DM Android App

Ranja Saturday, 11 February 2017 05:53 AM

CB's motive was to send the country broke.

kuruwitage silva Thursday, 09 February 2017 06:28 AM

I could have done a better job than Mahendran

Buddhadasa Thursday, 09 February 2017 02:05 AM

The question that the police should ask is how much of that money has been transferred to Ranil Wickramasinghe. The other question , the MPs should ask whether Maithrreepala Sirisena is a just a scarecrow. ? They have deceived the public. The public should demonstrate against the government as the People in Philippines did when Marcos was ruining the country.

Nomatata Wednesday, 08 February 2017 10:19 PM

JVP buggers are also complicit in these crimes against people of this country; we cannot forget how JVP was active to bring this jadapalanaya into power out of their hatred towards MR. You cannot escape from the curse of the people no matter how much you pretend crying against RW hora nadaya now...!.

Soma Wednesday, 08 February 2017 02:02 PM

Why not media? Are you ashamed?

moduva lankan Tuesday, 07 February 2017 04:58 PM

The country is still not out foreigners hand even after more than 60 years of independence from the EU rule.What are these Singaporeans doing in CBSL? If you can't find a good Sinhala to head the CB find a local Tamil No one want to bring back LTT again But the Sinhala Only..

Lankan Tuesday, 07 February 2017 12:26 AM

Unfortunately we have a President who thinks that he is right and thats enough. He complains of his own government. We have a PM who was Mr Clean and now very dirty shady and makes a mockery of everything. We have a former President who wants to get into power again by hook or crook. Whats happening to our country via DM Android App

Tony Monday, 06 February 2017 10:03 PM

Now this Rs. 66mn may be in mahans pit who is going to dig this. via DM Android App

Veda mama Monday, 06 February 2017 03:50 PM

How is that this "Ultimate Destroyer" of our country is allowed to roam free???

Nodakin Monday, 06 February 2017 07:05 AM

Damn shame....... what more can we expect from a spineless government

ahamed Monday, 06 February 2017 12:09 PM

If this is the case with Mahendran then think about ministers how big it will be waste of public fund?

Damien Monday, 06 February 2017 09:05 AM

Thanks to RW, always called Mr.Clean, this Rogue Mahendran has been left untouched so far. If No action is taken against him, RW cannot be called Mr. Clean any longer. Mr. Unclean will be more appropriate.

suresh Monday, 06 February 2017 08:41 AM

Rotten crooks

ceylon Monday, 06 February 2017 08:35 AM

then without say to media you go to bribery commision. via DM Android App

Casanova Monday, 06 February 2017 08:35 AM

Appata siri, cld you pls break this down, like to see how many five star meals? massage parlours and hookers in this?

SL Monday, 06 February 2017 08:25 AM

are you insane ?,Complaining FCID will do nothing .need more coconut bashing

Ajith Monday, 06 February 2017 08:24 AM

VAC... your sounds will end up nowhere, until this government is in power no action will be taken against those henchmen,but keep on voicing your feelings like mantra.

Internal Audit donot sweep under the carpet Monday, 06 February 2017 07:10 AM

Mr.Truth Mahendran was CBG only for few months

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Mahendran spent Rs.66mn for his own purposes: VAC

Comments - 19

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