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CBSL Monetary Board Secretary removal a cover-up: Rohini Kumari Wijerathna Kavirathna

19 Sep 2021

  • SJB MP Rohini defends Daulagala
By Dinitha Rathnayake The removal of the Central Bank of Sri Lanka (CBSL) Monetary Board Secretary K.M.A.N. Daulagala, who is a distinguished figure in the banking industry, is an attempt to cover-up illegal activities that had occurred within the CBSL and pave the way for further misconduct, alleged Samagi Jana Balawegaya MP Rohini Kumari Wijerathna Kavirathna. The Presidential Commission of Inquiry into the Bond Scam and the ETI Finance Investment Audit are specialised audits related to financial discipline that were investigated by Daulagala in her capacity as Monetary Board Secretary, and she has been removed from her post with effect from last Thursday (16). In this regard, MP Kavirathna stated: “It is now well established that Central Bank governors and their families are involved in the plunder of the Central Bank and its public wealth. It was this official who co-ordinated with the Attorney General’s Department when the above truth was revealed before the Presidential Commission. She has also managed to obtain the approval of the Monetary Board, call for tenders, and award tenders for the preparation of the Inquiry Audit Report. I kindly request all women’s organisations, citizens, public servants, and civil society activists in Sri Lanka to speak out against this injustice.” Daulagala was the then-Head of Non-Bank Financial Institution Supervision Division at the time of the initial activities of ETI Finance during the period 2010-2012. The then-CBSL Governor Ajith Nivard Cabraal refused to allow the Monetary Board of Sri Lanka to discuss a number of her strong recommendations regarding ETI, claimed Kavirathna. In April 2012, ETI depositors lost money by transferring her to another department, she added, implying that the resources and assets of ETI are in the hands of powerful people. Kavirathna further stated that Daulagala was the one who recorded the exact details of the first bond fraud allegedly committed by Arjuna Mahendran and others, and in 2015, Arjuna Mahendran sidelined her, claiming to be the Central Bank Regional Office Co-ordinator.


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