Sep 06, 2021

Cabraal asks for due pension: will Mahendran get one too?

In a press statement, Media Secretary to the State Ministry of Money & Capital Market and State Enterprise Reforms has set the record straight regarding an English newspaper article that was published yesterday (5).

The press release clarified that  Former Central Bank Governor Ajith Nivaard Cabraal (now the State Minister for State Ministry of Money & Capital Market and State Enterprise Reforms  ) was entitled to a pension as per his CB appointment letter which provided for such payment for his tenure of eight years (01.07.2006 -08.01.2015).

It went on to state that he did not receive a pension even after 4 years of resigning from the post and that he had taken measures to inform then Central Bank Governor Dr. Indrajit Coomaraswamy on 12.02.2019.

The press release by Amila Rajapaksha, Media  Secretary to the State Ministry further stated that State Minister Cabraal has ‘never pushed for pensions for other CB governors’.

Meanwhile, the Mawrata website reports that Former CB Governor Arjun Mahendran, implicated in the Bond Scam, may receive a pension as well, due to a decision taken by the CB finance committee to award pensions to CB Governors, irrespective of their periods of tenure.

It is said that this was taken up for discussion due to the request made by State Minister Cabraal to pay him his pension. However, the newspaper also states that Mahendran’s pension may face barriers due to court proceedings.

The press release is reproduced below:

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