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Mahendran’s fate in President’s hands

State Finance Minister Lakshman Yapa Abeywardena yesterday said that President Maithripala Sirisena would make a final decision with regard to the action to be taken against former Central Bank Governor Arjuna Mahendran accused of treasury bond scandal.

The Monetary Board would meet on Friday (14) to consider the content of the COPE reports on the bond scandal and take a decision, the minister said, adding that those reports would be helpful for the President to also take a final decision with regard to the action to be taken against Mahendran.

State Finance Minister said he was awaiting the decision of the monetary board on the Perpetual Treasuries involved in the bond scandal.

The minister said so in answer to a question raised by media personnel who demanded to know what action would be taken against Mahendran accused of the biggest ever loss making scandalous treasury bond deals.

The Minister said that it was his position that those found guilty of the bond scandal should be severely punished. He said that the Monetary Board was expected to discuss the report of an internal investigation conducted by the Central Bank Debt Department with regard to the bond scandal.