brand logo

No intention to leave the country: Cabraal

25 Jul 2022

Further to the decision made by the Supreme Court today, extending the travel ban imposed on former Central Bank Governor Ajith Nivard Cabraal, Cabraal stated that he has no intention to leave the country and will resist all charges made by the complainant in Court. This was made known via a media release by Cabraal today (25). A private complaint filed by former Southern Province Governor Rajitha Keerthi Tennekoon against former Governor Ajith Nivard Cabraal in the Colombo Magistrate's Court was not taken up today due to the restrictions in the number of cases being taken up as a result of the country conditions, the statement noted. The complaint alleges that during his tenure as the Central Bank governor from 2006 to 2015, Mr. Cabraal had paid a sum of USD 6.5 million to Pakistani-American political donor Imaad Zuberi without the Cabinet’s approval and thereby is responsible for criminal breach of trust and criminal abuse of funds. The complaint also alleges that while serving as the Governor of the Central Bank, Mr. Cabraal caused a loss of US$ 500 million to the Government of Sri Lanka through sovereign bonds due on January 18, 2022. The complaint alleges that the Sri Lankan government incurred a loss of Rs. 10.04 billion rupees through the appointing of close relatives to positions and from the release of confidential information on Treasury bills and bond issues, during his tenure as the Governor of the Central Bank of Sri Lanka.


More News..