Sri Lanka opposition demands anti-graft probe against PM Ranil Wickremesinghe

The report said the chief of Central Bank of Sri Lanka was responsible for the thumping profits made by the Central Bank's primary dealer Perpetual Treasuries in bond in February 2015 and March 2016.

By: PTI | Colombo | Published:October 31, 2016 6:00 pm
Sri lanka anti graft probe, sri lanka prime minister, Sri lanka prime minister probe, Ranil Wickremesinghe, news, latest news, Sri lanka news, world news, international news Sri lankan opposition demanded a probe against Prime Minister Ranil Wickremesinghe over the central bank’s bond issues. (source: AP)

Joint opposition backers of former president Mahinda Rajapaksa on Monday demanded a probe against Prime Minister Ranil Wickremesinghe over the central bank’s controversial bond issues. Arjuna Mahendran, the chief of Central Bank of Sri Lanka appointed by Wickremesinghe, was found at fault by parliament last week.

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The report said Mahendran was responsible for the thumping profits made by the Central Bank’s primary dealer Perpetual Treasuries in two bond issues in February 2015 and March 2016. The allegation was that the firm with links to Mahendran’s son-in-law had benefited from his position.

The opposition legislators called for investigations against both the prime minister and Mahendran. The former central bank chief’s contract was not renewed by President Maithripala Sirisena owing to the controversy surrounding the bond issues.