CB’s 30 year Bonds decided by Mahendran & Not by CB Monetary Board

Continuing  his evidences  before the Presidential Commission  on Central Bank  bond scam , the Deputy Governor, P. Samarasiri said, that it was Arjun Mahendran who made the decision to issue 30 year bonds and not by the CB Monetary Board.

Further,  he  said that the former Governor Arjun Mahendran has ordered to increase the limit of tenders to Rs. 10 billion at the auction held for the issue of 30 year Bonds. When he came to know this, he lost his temper.

When questioned by Justice Prasanna Jayewardene, as to what made him lose his temper, Samarasiri in reply  said, that this decision had been made known only to the two other deputies ignoring him.