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World Bank Distances Itself From Arjuna Mahendran’s Bond Scam

The World Bank has officially distanced itself from the controversial Central Bank bond scam committed by ex-Governor Arjuna Mahendran citing that they are not aware of the international best practices to accurately calculate the potential loss in the case of the past bond auction. In a letter addressed to M. S. B Ekanayake, Secretary to […]

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From Arjuna Mahendran To Ajith Nivard Cabraal; COPE On The Bond Hunt

The Committee on Public Enterprises (COPE) has kicked off a fresh investigation to determine if any Treasury Bond scams took place at Central Bank from 2008 to 2015, during the term of former Governor Ajith Nivard Cabraal. COPE Chairman Sunil Handunneththi has informed Speaker Karu Jayasuriya, that his committee has already commenced investigations to determine […]

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Arjuna Mahendran’s Bond Scam May Crack Coalition Into Two

Slight cracks in the Yahapalanaya Government have surfaced just days since the COPE report on the Central Bank Treasury Bond was released, with ministers from the Sirisena camp threatening to involve the Interpol amidst reports that ex-Governor of Central Bank, Arjuna Mahendran has fled the country. Highly placed political sources said that the COPE report […]

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Arjuna Mahendran Bolts Overseas As COPE Report Presented In Parliament

Bringing an end to weeks of speculation and uncertainty, the highly awaited COPE report on the controversial Treasury Bond scam was presented in Parliament today. However, by the time it was presented, ex-Governor of Central Bank, Arjuna Mahendran had already bolted out of the country. The report was presented to Parliament by the Chairman of […]

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We Are Not Protecting Arjuna Mahendran: UNP’s COPE Member Ajith P. Perera

Amidst allegations that the UNP MPs in the Committee on Public Enterprises (COPE) were attempting to safeguard ex-Governor of the Central Bank Arjuna Mahendran, Deputy Minister of Power and Renewable Energy Ajith P. Perera today flatly denied the allegations, while assuring that Mahendran’s role in the alleged Treasury Bond scandal will be taken up for […]

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Exclusive: COPE Says Arjuna Mahendran Is GUILTY In Bond Scam

Ex-Governor of the Central Bank, Arjuna Mahendran has been found guilty by the Committee on Public Enterprises (COPE) in the Treasury Bond Scam. The Colombo Telegraph has managed to get a copy of the draft report by the Committee Chairman Sunil Handunneththi, which has been endorsed by majority of the members, except for the UNP […]

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Hell Bent On Safeguarding Arjuna Mahendran, UNP Scuttles COPE

Hell bent on safeguarding the billion rupees worth sins committed by ex-Governor of Central Bank Arjuna Mahendran, the tactful plan devised by the United National Party (UNP) has finally resulted in the scuttling of the Committee on Public Enterprises (COPE) which was investigating the Treasury Bond scandal. Accordingly, the COPE, which to date has always […]

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Senasinghe Gets An Earful For Trying To Derail COPE Investigation Against Arjuna Mahendran

Minister of International Trade, Sujeewa Senasinghe has received an earful from senior COPE members for allegedly adopting an intimidating manner during the questioning of officials of Central Bank over the bond scam involving ex-Governor Arjuna Mahendran. Yesterday, several officials including Deputy Governors of the Central Bank were ordered to appear before the Committee on Public […]

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Arjuna Mahendran Makes A Comeback

Controversial ex-Governor of the Central Bank, Arjuna Mahendran has made a comeback to hold a new high profile position under the Yahapalanaya Government with the blessings of Prime Minister Ranil Wickremesinghe. Mahendran, who had to make an undignified exit as the country’s 13th Governor of Central Bank due to his alleged involvement in a Treasury […]

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DEW Accuses Ranil Of Conspiring Against COPE To Safeguard Arjuna Mahendran

Former chairman of the Committee on Public Enterprises (COPE) and leader of the Communist Party DEW Gunasekera has accused Prime Minister Ranil Wickremesinghe and several other UNP members of conspiring against COPE to clear former Central Bank Governor Arjuna Mahendran’s name from several charges including his alleged involvement in two Treasury bond scams. Gunasekera has claimed […]

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