Former Central Bank Governor Ajith Nivard Cabraal has been released from the case related to the purchase of Treasury Bonds issued by the Government of Greece in 2012.
The Colombo High Court today released former Central Bank Governor Ajith Nivard Cabraal and three others from the case.
The case was filed against the accused alleging they had caused a loss of Rs.1.84 billion to the Government of Sri Lanka through the Greek Bond investments.
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) initiated legal action against the five individuals based on a complaint filed by former MP Sujeewa Senasinghe.
In his complaint, Senasinghe claimed that the Central Bank had purchased Treasury Bonds issued by the Government of Greece in 2012 when the southeastern European country was experiencing a severe financial crisis.
Alleging that the Central Bank had made the purchase despite knowledge of the financial crisis faced by Greece, Senasinghe added that it had resulted in a loss of more than Rs. 1.84 billion to the Government of Sri Lanka.
Following investigations into the complaint, the Bribery Commission has filed a case before the Colombo High Court against the five individuals.
Legal action was initiated against Ajith Nivard Cabraal, Kankanamge Gamage Don Dharmasena Deerasinghe, Bendarage Don Wasantha Ananda Silva, Chandrasiri Jayasinghe Panditha Siriwardena and Harankaha Arachchilage Karunaratne.
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