Greek Bonds: Cabraal & Co, to Face Trial

COLOMBO (News 1st); The Colombo High Court today (10) ordered that the case filed against former Central Bank Governor Ajith Nivard Cabraal and four others over the controversial Greek bond investment be taken up for hearing on December 17.

The case, filed by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), alleges that the accused caused a loss exceeding Rs. 1.8 billion to the Sri Lankan government by investing in Greek bonds in 2012, despite being aware of Greece’s severe economic crisis at the time.

The accused include:

Ajith Nivard Cabraal – Former Governor, Central Bank of Sri Lanka
Dharmasena Dheerasinghe – Former Deputy Governor
Don Wasantha Ananda Silva
Chandrasiri Jayasinghe Panditha Siriwardena
M.A. Karunaratne

The case was called before High Court Judge Mohamed Mihail, where defense counsel informed the court that several documents requested by the defense had not yet been provided by the complainant.

CIABOC’s legal representative assured the court that the documents would be handed over by November 3.

After considering submissions, the judge fixed the case for December 17.