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Confidential IMF report indicated previous Govt. hadn’t paid bills up to Rs. 1.2 trillion: Mahendran

Former Central Bank Governor Arjuna Mahendran told the Presidential Commission of Inquiry on the controversial bond issuance yesterday that a confidential International Monetary Fund (IMF) report in his possession had revealed that in 2014 bills amounting to Rs. 1.2 trillion had not been paid by the then Government.

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Mahendran stands ground

Former Central Bank Governor Arjuna Mahendran was yesterday quizzed on text messages sent to his son-in-law Arjun Aloysius and over 500 internal staff transfers of Central Bank officials said to have taken place on his watch, as the presidential inquiry cross examination continued into its second week.

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Mahendran mauled by more grilling

Ending last week’s respite, former Central Bank of Sri Lanka (CBSL) Governor Arjuna Mahendran faced further intense questioning yesterday, as Acting Solicitor General Dappula de Livera recommenced his cross-examination of the former CBSL chief on a number of matters pertaining to the controversial bond issuance before the Presidential Commission of Inquiry investigating the matter.

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