A case has been re-filed against former Central Bank Governor Ajith Nivard Cabraal in the Colombo High Court, for failing to comply with a court‑ordered condition to deposit Rs. 100 million within three months.

The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has re-filed the case under Section 67(5) of the Anti-Corruption Act, citing Ajith Nivard Cabraal’s failure to comply with a court-imposed condition related to the Greek bond case.

The Bribery Commission had earlier moved to withdraw the case on the condition that the deposit be made, but the lapse has triggered renewed proceedings.

The charges stem from allegations that Sri Lanka suffered losses exceeding Rs. 1.84 billion through the purchase of Greek bonds in 2012, despite Greece being in the midst of a severe economic crisis. (Newswire)

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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)

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