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'Mahendran advises family offices in S’pore and ME?'

30 January 2019 09:20 pm - 8     - {{hitsCtrl.values.hits}}

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Former Central Bank Governor and fugitive Arjuna Mahendran was quoted in an article published on South African newspaper 'The Business Day', which described him of now ‘advising several family offices in Singapore and the Middle East.’

The article published in the 'Business Day' website on Sunday identified Mahendran as a former governor of the central bank of Sri Lanka and former chief investment officer at Emirates NBD Wealth Management.

The article is focused on Deutsche Bank securing commitment for additional investment from Qatar as the bank seeks to bolster its finances. It said the Deutsche Bank faces broadening US scrutiny as a leading Republican legislator joined Democratic colleagues in questioning the lender’s steps to combat money-laundering amid reports that its US unit may have been a key conduit for dirty cash.

The quotes of Mahendran by the newspaper as follows:

“There’s a potential liability ahead in case the bank is fined by the regulators in the US for those accusations of money laundering,” said Arjuna Mahendran, a former central bank of Sri Lanka governor and former chief investment officer at Emirates NBD Wealth Management.

“The fear is that you can’t quantify the fine, that’s the known and unknown. So they may do both, get the Qataris to put in some equity and merge with Commerz bank to fill any holes created by having to pay the anticipated fine,” he said.

“It makes sense for the Qataris to increase their stake in Deutsche Bank as Qatar strategically wants to establish linkages with European countries and the US to diversify,” said Mahendran, who now advises several family offices in Singapore and the Middle East.

“The merger with Commerzbank makes sense to get a bigger balance sheet, which means they will have more cushion to absorb any shocks to a potentially large fine from the regulators.”

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  Comments - 8

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  • Thomas Thursday, 31 January 2019 07:33 AM

    Bring back the thief and recover all our monies lost from him very soon

    Priya Thursday, 31 January 2019 10:19 AM

    You are absolutely correct but Until Mr.RW is the PM that will never happen....

    MAngo Thursday, 31 January 2019 11:47 AM

    U could not catch him when he was in Sri Lanka. Now how can you arrest him. He is not a citizen of Sri Lanka, remember that also.

    HK Hatton Thursday, 31 January 2019 11:37 AM

    As banker Arjun Mahendran performed well in the international market. Only when he came to SL he became a fraud - I'm sure he will do better again in the international market. It is YOU SL don't have a decent political culture, good administration etc. Even when someone found guilty YOU- SL do not have the capability to bring that perform in front of justice.

    will Thursday, 31 January 2019 01:35 PM

    Once a thief always thief

    HK Hatton Thursday, 31 January 2019 11:37 AM

    As banker Arjun Mahendran performed well in the international market. Only when he came to SL he became a fraud - I'm sure he will do better again in the international market. It is YOU SL don't have a decent political culture, good administration etc. Even when someone found guilty YOU- SL do not have the capability to bring that person in front of justice.

    Rhonda Taylor Thursday, 31 January 2019 12:13 PM

    Extradite this culprit back to Sri Lanka and throw him into the gallows for a life sentence of about 50 years for the biggest theft in the history of Sri Lanka together with all the accomplices that contributed toward this robbery

    fuzha Friday, 01 February 2019 06:17 AM

    And release him under Prez Pardon during Independence day! That's royal treatment such Politico's pet VIPs


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