Former CBSL Governor responds to allegations – calls for establishment of Select Committee

Former CBSL Governor responds to allegations – calls for establishment of Select Committee

Former CBSL Governor responds to allegations – calls for establishment of Select Committee

Written by Staff Writer

23 May, 2015 | 8:02 pm

Former Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal says that in the light of the allegations made by the Prime Minister and certain others in government, he would be happy if Parliament were to immediately establish a Parliamentary Select Committee to independently review the work done during his tenure of office of around 3100 days as Governor.

He made this remark in response to a statement made by Prime Minister Ranil Wickremesinghe citing that Treasury Bonds worth Rs.2.7 billion rupees had been sold by the Central Bank by violating standard tender procedure in 2012, 2013 and 2014.

Issuing a statement on Saturday May 23 , the former governor of the Central Bank of Sri Lanka says that his attention was drawn to several recent accusations and innuendos by certain persons, including the Prime Minister, alleging various wrong-doings and misdemeanors on his part, during the period he served as the governor of the Central Bank.

Ajith Nivard Cabraal said that believes the main reason for such outrageous, unsubstantiated and reckless statements is that those who are making such statements are desperately attempting to shift the country’s attention away from the current burning issue of the Treasury Bond scam which is now causing losses to the economy and the country in epic proportions.

The former governor goes on to say that during his period in office, he has ensured that the Central Bank diligently follows the laws of the country and the rules and regulations established by the Monetary Board, and have at all times, acted in the national interest of Sri Lanka and defended the integrity and well-being of our economy to the maximum.

He goes on to say that the Central Bank’s actions have also been reviewed by the Central Bank’s own internal audit function and compliance mechanism.

Requesting the Parliament, the pillar of government that is responsible for the public finances of our country, to immediately establish a Parliamentary Select Committee to independently review the work done by him, Ajith Nivard Cabraal added that he welcomes the opportunity to provide details of the massive savings that have been effected in the Central Bank, the economy and the country, during his term of office.

In conclusion he states that he would be happy to clarify all these matters as well as provide any responses to the Prime Minister, at a public television debate in Sinhala or English, on any date and channel that he may choose.

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