The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has refiled a case before the Colombo High Court against former Central Bank Governor Ajith Nivard Cabraal.

The case relates to the purchase of Greek Treasury bond investments in 2012, which allegedly caused a loss of over Rs. 1.84 billion to the government during Greece’s economic crisis.

CIABOC stated the case was refiled under the Anti-Corruption Act after Cabraal allegedly failed to comply with a court condition requiring him to deposit Rs. 100 million within three months.

The commission had earlier sought to withdraw the case subject to the payment being made, but legal action was resumed after the amount was not deposited within the agreed period.