Bribery commissioner, ask these too, when questioning ex-CB governor
Friday, 06 March 2015
Former governor Ajith Nivard Cabraal is being accused of many irregularities he had committed during the former Rajapaksa regime. He has bought houses and other properties in Colombo city at very high prices, but as to how he had acquired such a huge amount of money to buy them remains a question. He has purchased these properties to the names of his closest relatives who live abroad.
Towards the end of last year, he bought a more than Rs. 100 million worth penthouse suite at Havelock City luxury housing apartments. Cabraal has purchased it to the name of his brother who lives in Australia.
A few days before the last general election, he bought a house at no: 80/2, Ananda Rajakaruna Mawatha, Colombo 10 to the name of the daughter of his sister Shiromi Wickremasinghe. It is at this house that the ex-CB governor lives at present.
Before becoming the CB governor, he had unsuccessfully contested the 2001 general election on the UNP ticket. He had to pay a Rs. 7 million bank overdraft for the expenses he had incurred for his campaign. The Bribery Commission should investigate as to how Ajith Nivard Cabraal, who had been on the verge of bankruptcy around 10 years ago, has found money to buy properties worth millions of rupees.
Reply to,Mr Mahendran CB Governor
Friday, 06 March 2015
The Writer who made the article regarding misbehavior of Central Bank Governor’s son in law at the share market for 30 years bond, has responded to Mr. Mahendran CB Governor
The full text of response as follows
Mr Mahendran says this story was disseminated by the mafia who control-the-market. His son in law was part of the mafia that operated under the previous Rajapaksa administration and now trying to get cover using his Governor father in law.
Mr Mahendran says his son in law has resigned from Perpetual ltd. Everyone in the market knows his son in law owns the company. He has only resigned as a director. Whom are you trying to fool Mr Mahendran? Most primary dealers also know that his son in law used Bank of Ceylon as a front to collect the bonds. The market also knows he sold his low interest bonds before the auction, because he knew the rates were going up in advance. He is totally silent about his son in law's infamous EPF dealings during the previous government causing big losses of over one billion to the EPF. There is no hope that the current government under Ranil Wickramasinghe will take action against Mr Mahendran or his son in law. Let us hope that President Sirisena will at least now take some action against the CB governor an initiate an inquiry against his son in law for his pump and dump deals using the EPF in 2011 and 2012. Sorry to say this, the primary dealers have lost confidence in the Governor and the Prime Minister.
Good governance activist.
Good governance activist.
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