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Bribery Commission files legal action against former CB Governor and four others

28 March 2024 10:59 am - 38     - {{hitsCtrl.values.hits}}

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Colombo, March 28 (Daily Mirror) - The Commission to Investigate Allegations of Bribery or Corruption has taken legal action against former Governor of the Central Bank Ajith Nivard Cabraal and four others for causing a loss of Rs. 1,843.3 million to the government through the purchase of Treasury Bills.

The Commission said it has filed a case before the Colombo High Court yesterday following investigations into a complaint lodged by former Parliamentarian Sujeewa Senasinghe. 

The complaint pertains to the purchase of Treasury Bills issued by the Government of Greece during the country's financial crisis in 2012.

The complaint alleges that the purchase of these Treasury Bills, conducted with prior knowledge of the crisis resulted in a loss of Rs. 1,843,267,595 to the Government. 

Accordingly, after completing their investigations, the Commission filed a case against Ajith Nivard Cabraal, Kankanamge Gamage Don Dharmasena Deerasinghe, Bendarage Don Wasantha Ananda Silva, Chandrasiri Jayasinghe Panditha Siriwardena and Harankaha Arachchilage Karunaratne before the Colombo High Court under Case No. HCB 271/2024.


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  Comments - 38

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  • Nimal Thursday, 28 March 2024 11:08 AM

    What about the two, or may be three, great bank robbers who robbed the Central Bank in broad daylight? Do they go scot free?

    Sakya Thursday, 28 March 2024 11:22 AM

    A major culprit in ruining the economy and the country. Still roaming free only possible in this thrice blessed country like no other. Elsewhere on this planet he must be in the prison. Ordinary persons are sentenced simply for causing damage to public property worth a pittance however causing billions of loss to the state has to cross many a maze for prosecution. This coterie must have profited by making commissions in million for agreeing to purchase worthless Greek bonds If Sujeewa had not gone to bribery commission nothing would have been done

    D.K. Samarakoon (Attorney-at-law) Thursday, 28 March 2024 11:23 AM

    Not only him, Mahinda

    Roshanaly Thursday, 28 March 2024 11:37 AM

    More to come as the Election comes closer.

    Neo Thursday, 28 March 2024 11:41 AM

    Bribery commission should be taught law first without wasting our money to please the gallery. Court will decide that a loss is not equal to corruption.

    DH Thursday, 28 March 2024 11:42 AM

    People who invested in Sri Lankan bonds also got losses. Are their law suits against Central banks of those countries?

    Gon Part - no one will be arrested Thursday, 28 March 2024 11:47 AM

    when the election is nearing , Sujeewa wants to portray a hero I guess. Please do not put another 100 feet high cut out of your figure akin to Mahasona, in Viharamahadevi Park.

    Citizen Kane Thursday, 28 March 2024 11:59 AM

    The wheel has turned a full circle. The independence of the Bribery Commission is to be lauded. It is sad that on 18th September 2014, the Supreme Court dismissed the Fundamental Rights application filed by the Sam Sujeewa Senasinghe of Colombo 3 against the Monetary Board complaining that the Central Bank, in purchasing Greece Government Bonds, had acted in an unlawful, irresponsible and an arbitrary manner. The Supreme Court Bench presided by Justice K Sripavan, and comprising Justice R Marasinghe, and Justice Sarath de Abrew, unanimously concluded that: “Considering the totality of the circumstances, it is neither possible nor desirable to hold that the Members of the Monetary Board in taking a decision to invest in Greece Bonds, have acted arbitrarily, unreasonably and in a fraudulent manner.”

    roni Thursday, 28 March 2024 12:15 PM

    The best news before the New Year. A person who falsely portrayed himself as an economist. These losses must be recovered from Cabaraala and others.

    joshua Thursday, 28 March 2024 12:24 PM

    Great. Hope the rajapakshes visit Cabraal and console him.

    saman Thursday, 28 March 2024 12:32 PM

    This is the best news we heard. What about the others connected to this?

    ANNECUNT Thursday, 28 March 2024 12:39 PM

    this is good news, happy commission is doing some work

    ANNECUNT Thursday, 28 March 2024 01:00 PM

    As i understand Mr Cabraal put all sri-lankan GOLD in a container and put in sea

    Tissa Fernando Thursday, 28 March 2024 04:30 PM

    That is NPP cheap talk for the gallery. This case for Greek ones has been lingering for years. I think Ranil is trying to clear up things. Let us wait and see who is next,

    Aquarius Thursday, 28 March 2024 01:04 PM

    About time. He was THE architect of our country going bankrupt!

    Adwani Thursday, 28 March 2024 01:19 PM

    This is the guy who tried to save the country from going to IMF with bended knees.

    UMAS ALI Thursday, 28 March 2024 01:53 PM

    he got a hotel in marine drive in Colombo recover our stolen money

    Observer Saturday, 30 March 2024 06:47 PM

    What about Swiss bank accounts starting at least in 2016????

    B P Thursday, 28 March 2024 02:00 PM

    Did all Members sign the document.

    Ram Thursday, 28 March 2024 02:09 PM

    I confidently say BC left room for legal objections that can be upheld after argument for the suspects to go Scott free

    Onlooker Thursday, 28 March 2024 06:09 PM

    Yes already there is a case where it is argued that the CIABOC has filed action without a Director General. RW has neglected his duty. Dilrukshi filed action without getting the 3 Commissioners to sign and the cases failed. How can the DG not know the law.

    Nihal S Thursday, 28 March 2024 02:19 PM

    Why it took so long? Timing looks like leading to the elections this year.

    Lanka Shantha Thursday, 28 March 2024 02:20 PM

    Late but worth.

    E Sarath Thursday, 28 March 2024 02:26 PM

    At last, the squeaky wheels of justice has started turning.

    We want election every year! Thursday, 28 March 2024 04:44 PM

    If this type of culprits are to be exposed and punished, let us call for election every year. The money recover will be more than the expenses for election.

    Sirikothge Palagoda Thursday, 28 March 2024 05:31 PM

    How about RW Balusinha and R.K.NAyagam? They must be in too!!

    ANNECUNT Thursday, 28 March 2024 06:14 PM

    JAYAWEWA BRIBERY COMMISSION. JAYAWEWA ARAGALAYA. SR-LANKA ON PATH TO RECOVERY

    NV Jen Thursday, 28 March 2024 06:51 PM

    What about the bond scams happened during his time, before Yahapalanya's scam? What about the case of releasing over foreign exchange over US$6M to a bogus PR agent in USA, who is in jail now? These are also serious ones.

    Wiraj Thursday, 28 March 2024 07:23 PM

    Also investigate whether he facilitated purchase of Islands in Seychelles by Mahinda, by opening up a bank of Ceylon branch there and transferring funds?

    Jude Fernando Thursday, 28 March 2024 08:46 PM

    That's what happens when you make a partially qualified accountant the governor of the CB

    Tissa Fernando Thursday, 28 March 2024 11:32 PM

    He is a fully qualified accountant . However, an individual with just an accounting qualification is not suitable as CB governor. It requires an accomplished economist.

    Patcitz Friday, 29 March 2024 12:28 AM

    If so, why did not imprison Ranil for aiding and abetting Arjun Mahendran to ROB the Central Bank Bond Sum?

    dotv Friday, 29 March 2024 05:36 AM

    Report today .A cop sentences for 4 yrs for a Rs 500 .bribe ..so lets watch the space to see how this and more will be unraveled this election year .when the last word is with the voter .

    AJ Friday, 29 March 2024 06:14 AM

    Has this crook collecting his unethically bloated pension as governor of CB ,after leading country to such economic disaster

    Junginath Palangoda Friday, 29 March 2024 12:00 PM

    Most of Pin Baths within of 225 mee harkas must be under investigation! This man is a real Pin Gona eaten PUNAKKU given by Myna and Kaputa!!

    Buddhist Friday, 29 March 2024 05:12 PM

    How come Basil is not on the list of people against whom the case has been filed? Basil was the Minister of Finance and the Central Bank was under him.

    Wera Saturday, 30 March 2024 06:12 AM

    Rip Wan Winkle has woken up from a deep sleep. At this rate it will take a 100 years to catch ll the thief's so far.

    Kumar Sandirasegaram Saturday, 13 April 2024 07:57 PM

    The bribery commission must also investigate the outcome of the KPMG report into inside dealings in the Central Bank during the period of the Governor. The report may have been buried in order to protect the then Governor and the beneficiaries. A proper examination of the report will no doubt conclude that there was significant shenanigans by the top brass of the central bank to benefit relatives.


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