“A Central Bank staffer was released to NSB while under service of CBSL”

“A Central Bank staffer was released to NSB while under service of CBSL”

“A Central Bank staffer was released to NSB while under service of CBSL”

Written by Keshala Dias

21 Mar, 2017 | 9:41 pm

Former Governor of the Central Bank of Sri Lanka Arjuna Mahendran was at the Presidential Commission of Inquiry, today, March 21, not to provide evidence but to merely observe the session.

President’s Counsel Romesh de Silva, representing Mahendran, made an application for the former Central Bank Governor to be entitled to the copies of the Monetary Board minutes during his tenure as Governor.

President’s Counsel Dappula de Livera, the Additional Solicitor General, objected to this application citing that the minutes are official documents.

With regard to the presence of Arjuna Mahendran during proceedings, the Commission said that, as his Attorneys have made an application for representation under section 16, Mahendran is entitled to be present without which a witness cannot be present in Court whilst another witness testifies.

The Attorney General’s Department said that a Central Bank staffer N. Anuradha was released to the National Savings Bank while under the service of the Central Bank of Sri Lanka.

Secretary of the Monetary Board H. A. Karunaratne testifying, today, March 21, said that during his time at the CBSL he had never come across a staffer being released for such a purpose.

It was also revealed that Karunaratne was removed from his post as Secretary to the Monetary Board by then Governor Mahendran, for an alleged attempt to table and distribute a letter from a Bank Union expressing concern about appointing a Senior Deputy Governor.

He was later re-instated to the post of Secretary to the Monetary Board by the present Governor Dr. Indrajit Coomaraswamy.

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