CB Former Governor Mahendran Misappropriated Rs 66.2 Million

In addition to the Central Bank Treasury Bond Scam, the former Governor of the Central Bank, Arjuna Mahendran had misappropriated a sum of Rs 66.2 million belonging to the Central Bank of Sri Lanka, said Convener of the Voice Against Corruption (VAC) and JVP Central Committee Member Wasantha Samarasinghe.

He said that, it has been confirmed through an internal audit report and the report is in his possession.

He pointed out that using Credit Cards, in one day he had paid bills at two hotels and purchased European Clothing for Rs 2 million and also violated the Excise Act while engaging in several other corrupt activities without receipts and had misused a sum of Rs 34 million in the process.

He  said that  this had taken place between February 2015 to August 2016.

In addition, a sum of Rs 840 million, which had to be paid to the government by Arjun Mahendran’s son-in-law Arjun Aloysius, who owns a liquor company, had not been paid. Samarasinghe said that information was revealed that the company had not paid a sum of Rs 720 million due by 31 December 2016 and a sum of Rs 120 million due by January 2017.

He further said,  that these fraudulent activities, which the father-in-law and son-in-law had got together and engaged in, will be informed to the Police Financial Crimes Investigation Division and a complaint lodged during this week.