Under-fire Sri Lankan Central Bank (CB) Governor Arjuna Mahendran on Monday went on leave pending the completion of a probe into allegations of insider trading in a Treasury bond issue, officials at the banking regulator said. Opposition parties have slammed the CB over the Treasury bond scandal in which the Bank accepted Rs 10 billion in bids, over the advertised Rs 1 billion at high interest rates. “He has gone on leave pending the completion of the inquiry,” one senior official said. While Mr. Mahendran has said he was not involved in the process which comes under the CB’s Public Debt Department, his son-in-law’s firm active participation in the deal has raised eyebrows. A 3-member committee of lawyers has been appointed to probe the matter. On Monday, the CB said the next Monetary Policy Review would be released on Wednesday, March 18. The Governor is unlikely to take part at the Monetary Board meeting with Senior Deputy Governor P. Samarasiri expected to represent the former. – ENDS -
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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