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Singapore to consider Mahendran's extradition

04 Sep 2019

Singapore's Ministry of Foreign Affairs yesterday said that the Singapore Government would consider the extradition request for former Central Bank Chief Arjuna Mahendran, once the necessary documents were received, The Straits Times reported. It said the information and documents had been requested since Jan 18 this year, and the Sri Lankan High Commission has also confirmed that these documents have not yet been conveyed to the Singapore Government. "When we receive them, we will consider the extradition request further in accordance with Singapore law," Singapore's foreign ministry said.

Arjuna Mahendran, a Singapore national of Sri Lankan origin, was accused in 2015 of passing sensitive information to his bond-dealer son-in-law to make millions in undue profits.

On Monday the Attorney General's department handed over documents amounting to 21,000 pages to the Ministry of Foreign Affairs and the Ministry of Defence of Sri Lanka to be lodged with Singapore.

Mahendran had been indicted in June for causing losses of more than US$11 million to the state. In March, Sri Lankan President Maithripala Sirisena said Singapore had not responded to his call in January to return Mahendran. Mahendran and his son-in-law are accused of manipulating bond auctions in 2015 and 2016. He was named a key suspect in the scam in February last year and fled. A damning presidential report into the scandal also accused Mahendran of insider trading and recommended the state recover its losses from the pair.
The central bank has launched a forensic audit to determine whether there was further insider trading during Mahendran's tenure between January 2015 and June 2016.

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