By Ravi Ladduwahetty
Ceylon Finance Today: Central Bank Governor Arjuna Mahendran coming down hard on his critics, said that he will respond to all the allegations that have been made against him regarding the Rs 15 billion Treasury Bond issue when he returns to Sri Lanka from his overseas visits.
"I will respond to all these allegations after I return to Sri Lanka from the United States and other countries, where I was present at investor fora," he told the Ceylon FT by telephone.
However, there was huge pressure from not only sections from the Opposition, but certain government quarters as well, for Mahendran to resign in the wake of the ongoing controversy regarding the bond issue.
However, other sources in the Central Bank told Ceylon FT that there were certain quarters within the Central Bank, who were raising a huge hue and cry over the thirty-year Treasury Bond issue as it was known that they were resisting the huge administrative and structural changes within the bank made by Mahendran on his assumption of office. Also in that light, was the huge restructuring of the Public Debt Department, which also saw the transfer of its Director Dhammika Nanayakkara.
They also said that behind these protests were those loyal to the former Governor Ajit Nivaard Cabraal. The source also said that they did not know whether these critics had any knowledge of the Treasury Bond operations of the Central Bank, adding that only a few people within the bank had an in-depth knowledge of this operation.
They also queried how some SLFP members of Parliament were raising their protests over Mahendran, while they were utterly scared even to utter a whimper at the time the country lost billions in rupees during the Hedging deal under their regime.
www.ceylontoday.lk
Ceylon Finance Today: Central Bank Governor Arjuna Mahendran coming down hard on his critics, said that he will respond to all the allegations that have been made against him regarding the Rs 15 billion Treasury Bond issue when he returns to Sri Lanka from his overseas visits.
"I will respond to all these allegations after I return to Sri Lanka from the United States and other countries, where I was present at investor fora," he told the Ceylon FT by telephone.
However, there was huge pressure from not only sections from the Opposition, but certain government quarters as well, for Mahendran to resign in the wake of the ongoing controversy regarding the bond issue.
However, other sources in the Central Bank told Ceylon FT that there were certain quarters within the Central Bank, who were raising a huge hue and cry over the thirty-year Treasury Bond issue as it was known that they were resisting the huge administrative and structural changes within the bank made by Mahendran on his assumption of office. Also in that light, was the huge restructuring of the Public Debt Department, which also saw the transfer of its Director Dhammika Nanayakkara.
They also said that behind these protests were those loyal to the former Governor Ajit Nivaard Cabraal. The source also said that they did not know whether these critics had any knowledge of the Treasury Bond operations of the Central Bank, adding that only a few people within the bank had an in-depth knowledge of this operation.
They also queried how some SLFP members of Parliament were raising their protests over Mahendran, while they were utterly scared even to utter a whimper at the time the country lost billions in rupees during the Hedging deal under their regime.
www.ceylontoday.lk
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