Supreme Court to hear FR petition against Central Bank Governor on 28 April
Thursday, 2 April 2015 01:05
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The Supreme Court will take up the fundamental rights violation petitions filed against the Governor of Central Bank Arjuna Mahendran, Treasury Bond Tender Committee Chairman P. Samarasiri and several others on 28 April and 5 May.
The petitioners are Dr. G. Uswattaarachchi, Dr. A.C. Viswalingam, and Chandra Jayaratne seek an independent inquiry into the alleged fraud in the 30-year Treasury Bond sale on 27 February.
They had sought an inquiry into the public debt management, conducted under the supervision of the Court. The resulting findings are to be submitted to Court for perusal and direction.
The petition has named eight respondents including Governor Arjuna Mahendran, his son-in-law Arjuna Aloysius, Deputy Governor P. Samarasiri and Secretary of the Finance Ministry.
The petitioners have said that the Bond issue on 27 February by the Public Debt Department of the Central Bank lacked transparency and resulted in a “significant incremental unwarranted” cost for Sri Lanka.
The petition was filed through Attorney-at-Law Lilanthi de Silva and will be supported by Attorneys Saliya Peiris and Pulasthi Hevamanne.
