Cabraal don’t quack – listen to these facts

Aug 12, 2015

Lanka News Web is in posses of many large financial irregularities committed by the former Central Bank Governor Ajith Nivad Cabraal. The following are the financial crimes which is not at all relevant to the current Central Bank Governor.

The Former Central Bank Governor has spent a sum of Rs. 697 million for a display pageant with the patronage of Namal Rajapaksa to acquire the Commonwealth Games in 2019. The bills of the kitchen behalf of the show has been paid by an official credit card. Apart this sum of 5000 million has been paid for a private hotel named Canwill.

 

The 54,000 million loss incurred in the employee provident fund during 2013 and 2014 is due to this transactions. In the year 2013 Ajith Nivad Cabraal has incurred a loss to the Central Bank for Rs. 38,761 million and for the year 2014 it is Rs. 32,309 million. This is evident when the security reserve in the Central Bank for the year 2012 has been dropped from Rs. 147,463 to Rs. 32,309 in the year 2014. Apart this the capital reserves in the year 2012 have decreased from 182,463 million to 81,711 million in 2014.

 

The former Central Bank governor is now trying to conjure the controversial bond issue of the current governance in order to cover these factual large irregularities. Cabraal is trying to heap the losses he incurred during his tenure for the comforts and pageants of Rajapaksa and his sons without disgust.

 

The former president Mahinda Rajapaksa as the finance minister is directly responsible for all the financial irregularities. However the former president is trying to store all the irregularities and misappropriations over to Ajith Nivad Cabraal. Confirmed sources say due to this the relationship between the two latter has been hindered.