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CB probing Panama Papers: Mahendran

12 April 2016 01:23 pm - 23     - {{hitsCtrl.values.hits}}

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The Central Bank was investigating into the materials linked to the Panama Papers and the individuals, who are possessing offshore accounts, Governor Arjuna Mahendran said today.

However, he said the authenticity of the so-called leaks was doubtful and therefore, couldn’t reveal any names of individuals, due to privacy laws. “But I don’t want to jump into any conclusions in terms of names and facts that have been mentioned in the media etc. because we have to act responsibly as there are international conventions which cover these types of data, and we don’t want to flout any of those and even our own laws which guarantee privacy to individuals. Unless people are being prosecuted in terms of confirmed territories in our courts of law, it would be wrong of us to give out any preliminary information,” he said.

“We have got some of those papers and we are requesting information from our counterparts around the world in terms of Central Banks and other investigative arms of various governments,” he said at a press conference at the Central Bank.

“At this point all I can say is that we are investigating the material and we are waiting for more material to come. There are millions of pages of documentation in this whole leak of documents.

That itself is an issue because of provenance of the materials, who leaked and all that could lay some doubts on whether that those documents are authentic,” the Governor said.

“So, we have to prove that the documents themselves are authentic and they are factually correct before we can proceed to any conclusions. All that will take time. It’s not something that we can process in a week or a month. There are various names in the documentation but like I say we have to check whether the documentations are authentic. People could have planted names and that’s always the possibility. And this information came from third parties. It didn’t come from the original source. We have to be responsible and authentic before any firm conclusions can be brought," he added.

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  Comments - 23

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  • Jay Wednesday, 13 April 2016 04:40 AM

    How can the governor of CB of Sri Lanka question the authenticity of the leaked papers when a head of state Iceland has already resigned over the matter and the head of state of England has published tax returns as a result of the leak?? Quite hilarious!. May be there is a reason why the CB governor wants to dilute the authenticity of the leaked papers? Hide or dilute the truth? Self implications?

    Glass Wednesday, 13 April 2016 04:47 AM

    Sir, please use a MAGNIFYING GLASS to see whether your name too there in the Panama Paper.

    hyt Wednesday, 13 April 2016 06:35 AM

    horage ammagen pena asima via DM Android App

    Eds Wednesday, 13 April 2016 06:54 AM

    Before worrying about Panama, investigate the robberies at the CB first - It's TWO now!

    Premalal Wednesday, 13 April 2016 07:44 AM

    Wash yourself first before you try to wash others. All countries including India , Pakistan and China have published names of people allegedly involved but it is not authentic enough for Sri Lanka. A country of the innocent governed by crooks for crooks.

    Ramsay Tuesday, 12 April 2016 01:33 PM

    Government must probe CB bond scam first....put your own house in order

    karu Tuesday, 12 April 2016 01:46 PM

    All cats are grey in dark via DM Android App

    myraspi Tuesday, 12 April 2016 01:47 PM

    Bro before probing others why don't you probe your CB bond deal first?

    Sharon Wednesday, 13 April 2016 09:53 AM

    You would have had no doubt about the authenticity if there was one Rajapaksha name. What a set of hypocrites via DM iOS App

    sacre blieu Wednesday, 13 April 2016 10:01 AM

    How can we believe him, when he should be probed on the bond scandal. Horse deals will be the order of the day in the probing of those involved in the Panama scandal, and there will either be a dragging of inquiry or an eventual cover up.

    Nalin Tuesday, 12 April 2016 02:16 PM

    where is the Bond scam probed promised by PM. Now second and third bond scams have also taken place

    usaguy Wednesday, 13 April 2016 10:05 AM

    Fox has taken the responsibility of looking after the chicken.Mr.President please appoint an independent commission or else these rogues will get away. via DM Android App

    Aloysius Tuesday, 12 April 2016 02:17 PM

    Appoint our Jamis Bandas. They will first want to pay a visit to Panama.And then find out how they too can stack away their ill gotten.

    Sutharman Tuesday, 12 April 2016 02:21 PM

    I would be surprised if his name is not figured in that list.

    RuwanL Wednesday, 13 April 2016 10:50 AM

    do you want to ensure that your name does not appear in the Panama Papers?

    Hadam Wednesday, 13 April 2016 11:41 AM

    Well said Ramsay. This guy must be probed first.

    idroos2002 Wednesday, 13 April 2016 02:41 PM

    True :What the CB Governor says true since sri lanka is a signatory to various international Monetary treaties and ratification which prohibits its members from acting solo outside those guidelines which may result in severe unbearable penalties.

    CitizenPerera Wednesday, 13 April 2016 04:52 PM

    Utter Shameful! The man needs to clean his own back yard at the Central Bank but trying to probe others outside. Is Arjun the tax authority as well of this country?

    Henry Wednesday, 13 April 2016 05:05 PM

    Ostrich with it's head under sand

    irobot Wednesday, 13 April 2016 05:09 PM

    Iqbal Athas is the Sri Lankan member of ICIJ (according to ICIJ website) which is the press organisation that brought all this to light. He should have first hand information on the authenticity of these docs and surely the names of the Lankan culprits. Surprised why the delay of publicizing this info in this so called democracy.

    jay Wednesday, 13 April 2016 06:05 PM

    Really?? So that means Ireland and UK have already violated their treaties?? Rubbish!!

    Andrew Pitugala Wednesday, 13 April 2016 07:12 PM

    Add to that the doubts that he has probably because of persons close to him may be in the list.

    thief Friday, 15 April 2016 10:48 AM

    SET A THIEF TO CATCH A THIEF


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