Arjuna Mahendran Wants All Bond Issuance Data Deleted
June 8, 2016
In yet another underhand act, Controversial Governor of the Central Bank, Arjuna Mahendran has given out an order to delete all data in relation to the last two bond issuance from the Central Bank computers.
Arjuna Mahendran
Highly placed sources said that the staff is in a quandary whether or not to carry out Mahendran’s order, as deleting such data from the system was deemed illegal, specially as no reasons have been given as to why the details in relation to the 2015 and 2016 bond issuance must be deleted.
The sources believe that Mahendran has issued the order to hide details pertaining to the bond issuance as the Central Bank including its Monetary Board has come under increasing pressure from good governance activist and former Chairman of the Ceylon Chamber of Commerce,Chandra Jayaratne who has been requesting for all information pertaining to the last two bond issuance, which are rigged in controversy.
“The data in relation to the bond issuance is also required by the Prime Minister for a Parliamentary review, and Mahendran maybe trying to sabotage this by deleting the data and blame it later on a malfunction,” the sources said.
Standard banking regulations expect all transaction data to be available for a period of 20 years.
