Former Central Bank Governor Ajith Nivard Cabraal is among five individuals against whom legal action has been initiated related to the purchase of Treasury Bonds issued by the Government of Greece in 2012.
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) said legal action has been initiated against the five individuals based on a complaint filed by former MP Sujeewa Senasinghe.
In his complaint, Senasinghe claims that the Central Bank had purchased Treasury Bonds issued by the Government of Greece in 2012 when the southeastern European country was experiencing a severe financial crisis.
Alleging that the Central Bank had made the purchase despite knowledge of the financial crisis faced by Greece, Senasinghe added that it had resulted in a loss of more than Rs. 1.84 billion to the Government of Sri Lanka.
Following investigations into the complaint, the Bribery Commission has filed a case before the Colombo High Court against the five individuals.
Legal action has been initiated against Ajith Nivard Cabraal, Kankanamge Gamage Don Dharmasena Deerasinghe, Bendarage Don Wasantha Ananda Silva, Chandrasiri Jayasinghe Panditha Siriwardena and Harankaha Arachchilage Karunaratne. (NewsWire)