More frauds connected with Bond scam surface

February 10, 2017

The bond scam committed when Mr. Arjun Mahendran was the Governor of Central Bank of Sri Lanka has made an uproar in the society. Details regarding another fraud committed by the former Governor have been revealed in an internal audit report of the Central Bank say reports.

According to this report Arjun Mahendran has committed another fraud of Rs. 323.6 million. According to ‘O’ paragraph of report and as stated in pages 19 to 20, Rs.323.6 has been transferred to another company owned by directors of Perpetual Treasuries in addition to the Rs. 12.89 billion received as illegal profit through Central Bank bond transaction.

The relevant extraction of the report:

i