Decision of paying pension to Ajith Nivard Cabraal challenged in Courts

1 October 2021 05:20 pm - 23 - {{hitsCtrl.values.hits}}

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A writ petition has been filed in the Court of Appeal seeking an interim order to stay the Monetary Board of the Central Bank of Sri Lanka from paying a pension to the newly appointed Central Bank Governor Ajith Nivard Cabraal.

General Secretary of Democratic United National Front (DUNF) Ariyawansa Dissanayake filed this petition naming the Monetary Board of Sri Lanka, Central Bank Governor Ajith Nivard Cabraal, Finance Minister Basil Rajapaksa, members of the Monetary Board of Sri Lanka and several others as respondents.

The petitioner said incumbent Governor Ajith Nivard Cabraal nor any other past Governors of the CBSL are entitled to have a pension as the Monetary Law Act has not supplied any provision to that effect.

The petitioner further said the Monetary Law Act has provided provisions only to authorize salaries to the staff of the CBSL and the Governor is not considered as a member of the staff.

The petitioner further said the Governor of the CBSL is entitled for a package with a very high remuneration as decided by the President as Per Section 12(3) of the Monetary Law Act, which includes an official residence with all super luxuries, two luxury cars, security guards, drivers, domestic servants, free foreign tours with first-class air tickets, accommodation in presidential suits in best star class hotels and surprisingly an international credit card with unlimited amounts.

The petitioner said Ajith Nivard Cabraal has enjoyed all these luxuries from 1st July 2006 to 8th January 2015 almost for a period of 8 and 1/2 years at the expense of the innocent tax Payers.

"Therefore the Monetary Board of Sri Lanka approving a pension to any past Governors of the CBSL is ultra aires and the decision to approve a pension to Cabral is bad in law and contrary to the provisions in the Monetary Law Act", the petitioner added.

This petition had been filed through Attorney-at-law W.A.S. Deepanai Premenayake. (Lakmal Sooriyagoda)

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Comments - 23

ravin Friday, 01 October 2021 06:00 PM

Pension to a scammer?

Sam Silva Friday, 01 October 2021 06:07 PM

Mr. Dissanayeke should publish all the amenities that our FM receives too from our taxpayers money. Very pathetic.

69 Lakhs Friday, 01 October 2021 06:10 PM

Who are these ingrates that are objecting to this ‘genius’ being paid a pension. His investments in Greek Bonds and facilitating the hedging transaction makes him the classic Viyathmaga member.

Janapala Siridasa Friday, 01 October 2021 06:35 PM

How about paying salaries and pensions to RW and MSSena? No action against them? They should be punished long before Kabraal!!

Birat Friday, 01 October 2021 07:08 PM

Self serving politicians . Should be booted out . Thick skinned vermin

Buddhist Friday, 01 October 2021 07:53 PM

Most countries Governors of Central Bank take only $1 as pay not our Cabal Rala.

Sambo Friday, 01 October 2021 07:54 PM

He should pay a pension to government for keeping such an inexperienced person in this critical position.

N SENA Friday, 01 October 2021 10:01 PM

SIN MEN. POOR FELLOW THIS CABAL. HE WILL GET A HEART ATTACK IF HE LOOSES HIS PENSION

Rajkumar Nagarajah Saturday, 02 October 2021 01:06 AM

Sri Lanka wake up, Public Officials and politicians are not going to look into this abnormal practice because they all get a lot of similar facilities. It is only us who can fight against these evil practices and people.

Shey Andy Saturday, 02 October 2021 01:27 AM

So happy to live in Europe and not pay a single penny as tax to this Sri Lankan corrupt politicians to maintain their luxury lifestyles whilst the majority of people scramble for the basic necessities and yet have to pay their tax to their ruling politicians

Lumbini Saturday, 02 October 2021 06:16 AM

Irrespective of the legal arguments, Cabraal has no moral or ethical right to receive a pension while being the governor of the bank.

Lion Saturday, 02 October 2021 06:16 AM

This should not be allowed and it will create a bad precedence.

Be Fair Saturday, 02 October 2021 08:19 AM

Sad state of affairs in my Land Like No Other

maha Saturday, 02 October 2021 08:41 AM

Before the country, self development !

Ravi Fernando Saturday, 02 October 2021 09:28 AM

Now they will amend the existing rules for their benefit and rob the innocent tax payers money.

Terrence Saturday, 02 October 2021 09:47 AM

Option of a "Pin Padiya" as an alternative for a Pension

vince Saturday, 02 October 2021 11:06 AM

These leeches know how to butter both sides of their slice bread.

Anthony Perera Saturday, 02 October 2021 11:10 AM

Does this pathetic excuse for a human being has any morals?

sam Saturday, 02 October 2021 08:46 PM

How a pension when he is working?

munas Wednesday, 06 October 2021 12:22 AM

do not repeat do not pay

Samson Thursday, 14 October 2021 01:20 PM

Matter of making it legal

Ben Monday, 18 October 2021 03:00 PM

People discussed a lot about hedging agreement at that time, it was completely prepared for Benefit of other party,seems for underhand payment for cabarral, does he need a another pension from CB

Jim Kuru Monday, 08 November 2021 08:29 AM

Waste of time and money nothing will happen Court will reject teen

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Decision of paying pension to Ajith Nivard Cabraal challenged in Courts

Comments - 23

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