Feb 07, 2017

'Take immediate legal action against Arjun Mahendran' Featured

Joint opposition MP Bandula Gunawardena demands the immediate enforcement of the law and punishment for former Central Bank governor Arjun Mahendran, after n internal audit has found him to have misused Rs. 662 million of the bank’s money.

Gunawardena told the media in Colombo yesterday (06) that the money lost to the state should be recovered from Mahendran.

Meanwhile, the incumbent governor's silence over Mahendran misusing the bank's money has also been questioned.


The CB’s internal audit department has conducted the audit into expenses during foreign tours, credit card payments, entertainment costs and other expenses of Mahendran during the period from 01 February 2015 to 10 July 2016.

According to the audit report, Mahendran is also accused of having outsourcing his personal promotional work, at the bank’s expense. 

 
The report further reveals that the Abans Group too has been used for the promotional work of the Central Bank.

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