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No issues with regard to extension of CB Governor’s term - Kiriella

Higher Education and Highways Minister Lakshman Kiriella yesterday said that there will be no issues with regard to the extension of Arjun Mahendra’s term as Central Bank Governor.

Addressing the media yesterday at the “Maga Neguma Medura”, Battaramulla, Minister Kiriella said that though there are certain elements in our society, attempting to level various allegations against him,none of them have been proved as yet. He also added that even the Supreme Court had dismissed the Fundamental Rights application filed by good governance activists Dr. G. Usvattearachchi, Dr. A.C. Visvalingam and Chandra Jayaratne against the Treasury Bond issue seeking an independent inquiry into the Central Bank Treasury Bond issue and the Bank’s Governor Arjuna Mahendran.

The Supreme Court, by dismissing the FR application, said there was no legal basis to issue notice. This move has cleared both Governor Arjuna Mahendran and primary dealer Perpetual Treasuries and others sighted as respondents.

Kiriella further added that a parliamentary investigation into the allegations against Arjun Mahendran is proceeding.