Arjuna Mahendran Ordered to Appear in Court Over 2015 Bond Scam

COLOMBO(News 1st);Former Central Bank Governor Arjuna Mahendran, named as a suspect in the 2015 Central Bank bond fraud case, has been issued a notice to appear before court on September 26.

Colombo Chief Magistrate Thanuja Lakmali issued the order yesterday, following a request by the Bribery Commission.

Although a notice was issued last year to Mahendran, who is reportedly in Singapore, officials informed court that it had not been properly executed.

Accordingly, the Bribery Commission requested that the notice be reissued in English. The Chief Magistrate granted the request and issued the order.

The Bribery Commission has filed the case alleging that the government incurred losses from the sale of bonds worth over Rs. 10 billion to Perpetual Treasuries Company during a Central Bank auction on February 27, 2015.