Writ against new CBSL Governor Cabraal

Writ against new CBSL Governor Cabraal

14 September 2021 04:10 pm

A mandamus writ petition has been lodged before the Court of Appeal against newly appointed Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal.

The writ has been filed by Rajith Keerthi Thennakoon today (14).

Former President Sirisena had appointed a special presidential commission to investigate financial embezzlement committed on the issuance of treasury bonds, which recommended the appointment of a team of experts to conduct a forensic audit for the said treasury affairs, the petitioner stated in his writ, reminding that the findings concluded that the CBSL had incurred losses between Rs. 10.4 - 10.6 billion from year 2005 to 2015 to the Sri Lankan government, whilst Cabraal, the third respondent to the case, was the CBSL Governor.

Accordingly, the petitioner seeks the Court of Appeal to issue an interim order barring the acting of Cabraal in his position as the CBSL Governor, in view of the criminal culpability of his actions.

The Attorney General, the Inspector General of Police, the CBSL Governor, the Secretary to the President, the Minister of Finance and the Deputy Governor of the CBSL have been cited as respondents to the case.