Greek bond case : Charges filed against Cabraal


Charges were filed before the Colombo High Court against four persons, including former Central Bank Governor Ajith Nivard Cabraal, for causing a substantial loss of over Rs.1.84 billion by the purchase of Greek Bonds.

The Bribery Commission filed the charges at court today, after which the accused were released on bail of Rs.1 million each.

The Colombo High Court also imposed an overseas travel ban on the accused, ordering them to hand over their passports to the court and to obtain permission for overseas travel. 

Earlier, in May this year, the Colombo High Court released the accused, including Cabraal, from the case related to the purchase of Treasury Bonds issued by the Government of Greece in 2012.

The Bribery Commission initiated legal action against the accused based on a complaint filed by former MP Sujeewa Senasinghe.

In his complaint, Senasinghe claimed 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 filed a case before the Colombo High Court against the accused. 

Legal action was initiated against Ajith Nivard Cabraal, Kankanamge Gamage Don Dharmasena Deerasinghe, Bendarage Don Wasantha Ananda Silva, Chandrasiri Jayasinghe Panditha Siriwardena and Harankaha Arachchilage Karunaratne. (Newswire)





Source link

Add Comment