In yet another underhand act, Controversial Governor of the Central Bank, Arjuna Mahendran has given out an order to delete all data in relation to the last two bond issuance from the Central Bank computers.
Arjuna Mahendran
Highly placed sources said that the staff is in a quandary whether or not to carry out Mahendran’s order, as deleting such data from the system was deemed illegal, specially as no reasons have been given as to why the details in relation to the 2015 and 2016 bond issuance must be deleted.
The sources believe that Mahendran has issued the order to hide details pertaining to the bond issuance as the Central Bank including its Monetary Board has come under increasing pressure from good governance activist and former Chairman of the Ceylon Chamber of Commerce, Chandra Jayaratne who has been requesting for all information pertaining to the last two bond issuance, which are rigged in controversy.
“The data in relation to the bond issuance is also required by the Prime Minister for a Parliamentary review, and Mahendran maybe trying to sabotage this by deleting the data and blame it later on a malfunction,” the sources said.
Standard banking regulations expect all transaction data to be available for a period of 20 years.
“Even though it is based on an order given by the Governor, if the staff is found guilty of deleting such important data, action can be taken against them, which can jeopardize their jobs at the bank as well,” the sources added.
Kettikaran / June 8, 2016
This sounds too risky to be true. Evidently, there is an orchestrated
campaign against Arjuna Mahendran. AM, as Governor/CBSL should either confirm or deny this article although CT is, technically, not part of the formal Lanka media.
Kettikaran
/
sr / June 8, 2016
Kettikaran
A real culprit does not give up easily.
If the allegations are right there’s no escape route for him
So he’ll resort to any damnable possible way.
The best trick is deleting data and denying.
Unless he has to face prosecution or confess or commit suicide.
What a pity.
/
Laxmi / June 8, 2016
Mahendran is an INSULT to all honest and professional Tamils. He and his cronies should stop playing ethnic politics and pretending that he is being victimized by Sinhala Racists..
Mahendran has been playing the ethnic card in revers, claiming that he is being discriminated against when his corruption is exposed and honest people call for him to be investigated and tried in open court for insider dealing with his corrupt Sinhala son in law Mr. Perpetual Treasuries, Aloysius Mudhalali!
/
upali kodikara / June 8, 2016
So, was his father Charlie who betrayed all his bosses. Typical selfish Tamil
/
Native Vedda / June 8, 2016
Laxmi
“Mahendran is an INSULT to all honest and professional Tamils.”
I suggest Ranil appoints Vimal Weerawansa or Mervyn Silva PhD (or his son Malaka, even better)
/
Kettikaran / June 9, 2016
Mahendran’s son in law is a Catholic Tamil Aloysius – nothing to do with Premadasa’s gangster buddy from Maradana Dean’s Road. The family is a wealthy and respected trading house from the Pettah – devout Catholics from Kotahena.
Kettikaran
/
Native Vedda / June 8, 2016
sr
“A real culprit does not give up easily.”
Don’t tell me, I can see it myself, how MR, Gota and the crooks in the parliament and outside making a fool of themselves.
/
rana / June 8, 2016
Native Veddah, Come on Veddha,Why do you still trying to white wash this corrupt person sponsored by RW? Does part of the proceeds come to your pocket too? Oh yes I know you and the rest of the gang never want SL stand on their own feet until the Sinhalese are the majority in SL or until USA led coalition divide the country by ethnically. While Arjuna Mahendran done a day light robbery, you and rest of the gang in UK and Canada still screaming about Rajapaksha’s. Now the Rajapaksha record worn out. Find a new one Veddah. And I want to tell you that, maybe you still don’t know that the majority of SriLankan’s now know the truth.
/
Native Vedda / June 8, 2016
rana
What are you blubbering about?
Read what I have said in this regard elsewhere:
Native Vedda
June 5, 2016 at 12:39 am
“Arjuna Mahendran’s Hunt For Whistleblowers Continue: At Least Five Officers Identified”
Are they MR’s b***s carriers or the ones who refused to carry AM’s b***s?
Native Vedda
June 4, 2016 at 12:47 am
Why is he reluctant to publish his official Credit Card statements and account for every penny that’s been paid by the Central bank?
He should only fear if those payments included nightclub bills, payments to massage parlours, Casinos, ….. upmarket call girls, ………….
It would be alright if he had bought Scotch at duty-free shops especially for KASmaalam K A Sumanasekera. That is the only way Arjuna could shut Kasmaalam’s mouth.
/
Native Vedda / June 8, 2016
Kettikaran
Is it technically possible to delete data completely without destroying hardware, software and damaging other vital information?
I was told forensic investigators could rebuild/recover data using specialist software and equipment.
Therefore please make sure you don’t download porn on your work or home computers.
/
by-stander / June 9, 2016
CT has taken a risk in giving publicity to a write up with no proof. Agree with Kettikaran – too risky to be true. AM is no fool to give an order like that.
/
Amarasiri / June 8, 2016
Governor of the Central Bank, Arjuna Mahendran
RE: Arjuna Mahendran Wants All Bond Issuance Data Deleted
The people Want Arjuna Mahendran Deleted.
/
Disillusioned Citizen / June 8, 2016
Very difficult to fathom why a person of Ranil’s intelligence appointed Mahendran to this position. Given the controversies sorrounding the conduct of the Governor under the previous regime, the Prime Minister should have been careful when making this crucial appointment. The Prime Minister staked his personal credibility by undertaking the resposibility for this appointment amidst objections from the President. Unfortunately, with hindsight it seems that friendships and old boy networks have prevailed over good judgement.
To rectify the damage caused to all those in the higher echelons of the government, an immediate inquiry should be held on the conduct of the Central Bank Governor. More particularly, the legitimate questions that arise in the mind of citizens who pay increased VAT should be laid to rest.
Hopefully, there is no fraud or conflict of interest on the two bond issuances. It is unfair to make accusations of scams without proof. Nevertheless, any delay in the conduct of an inquiry will be damaging to the Prime Minister whose credibility is the raison d’etre of the UNP and the Yahapalana government.
/
Keynes! / June 8, 2016
Disillusioned Citizen,
“Very difficult to fathom why a person of Ranil’s intelligence”
Ha! Ha! Ha!
What makes you think that Ranil is intelligent?
/
upali kodikara / June 8, 2016
Because Charlie, teh father knew how to suck up
/
Amarasiri / June 9, 2016
[Edited out]
/
Banker / June 8, 2016
Is there no limit to what this guy can do, with the PM seemingly condoning his actions?
He must be taken to task and charged for his transgressions – and then replaced ASAP.
/
confu tao / June 8, 2016
If this is true, Mahendran must be sacked. Distorting data is illegal and obviously this guy has a lot to hide if he has requested that this be done. Remember the reputable accounting firm Arthur Andersen did something similar years ago and the US authorities issued an order closing the firm when this was revealed. This whole fiasco is a very simple thing to verify, The central bank has regulations and procedures for the bond issue. Without appointing incompetent parliamentary committees packed with a bunch of idiots to make a report , all the government has to do is to get a reputable international auditing firm to undertake a compliance audit of the bond transactions in question to determine whether there has been a breach in procedures and the significance of these breaches. A professional opinion is all that is needed. RW needs to get rid of the cobwebs in his brain and make the right decision.
/
shankar / June 8, 2016
confutao
“If this is true, Mahendran must be sacked.”
he must be knowin that he is on the way out with sirisena not reappointing him when his term is over next month.This is his way of keeping himself safe when he goes back to singapore.He must be questioned by the CID on this alleged order.
/
Sarasvathi / June 8, 2016
A clear case of ‘Naduth Hamuduruwange, Baduth Hamuduruwange’ . Meanwhile President Sirisena roams the workd attending Anti Corruption conferences !!!
/
Dinuk / June 8, 2016
The US and Swiss Govts are investigating banks involved in a massive Bond Scam where billions of $$$ were laundered in Malaysia into the PM’s off shore accounts via Singapore. The 1MDB fund in Malaysia.
Please check out the Guardian Weekly report on Asian Bond scams. Arjuna Mahendran who was a bond dealer in Singapore is well up on bond scams.
NOT qualified to be a Central Bank Governor.
http://www.theguardian.com/world/2016/apr/13/swiss-widen-corruption-investigation-malaysias-1mdb-fund
/
Don Stanley / June 8, 2016
Arjuna Mahendran should be ARRESTED immediately and tried for criminal activity at the Central Bank if he has ordered erasure of Bond issue information;
Deleting information on Bond transactions is a criminal offense and Mahendran should be fired on the spot for violating transparency and accountability protocols at the Central bank.
Mahendran wants to cover up the money laundering trail of fraud with Perpetual Treasuries which operates and sponsors Business seminars for Sri Lanka in Singapore, where the fraudulent Bond issue of the Central Bank funds were deposited by HSBC and other banks.
/
words / June 8, 2016
Yahapalanaya shining.. and he also wants the IMF to refrain from releasing their report on Sri Lanka!
Right to Information eh???
/
ala / June 8, 2016
CT can you please share with its reader the controversial memo if such exist since you cannot simply carry out orders without written instructions.
/
Gune / June 8, 2016
If you have nothing to hide and you are absolutely honest with your dealings you will never want to erase data. Guilt seems to be the reason for such action.
/
harry hatton / June 8, 2016
Our Prime Minister speaking on the Bond issue in parliament said that people don’t know the difference between government Bonds and James Bond.
Mr. Prime Minister we are learning everyday what kind of a person you are
/
Sobana / June 8, 2016
[Edited out]
/
Diogenes / June 8, 2016
Arjuna Mahendran should be deleted!
/
Ajantha / June 8, 2016
Ranil is heavily involved in this massive fraud and people are aware of it, It is the same reason why he is protecting the CB Governor. This double tongued PM and his clan should be thrown out at the earliest.
/
Kugan / June 8, 2016
Can’t this guy resign and pack up disgrace
/
moderate / June 8, 2016
Under YAHAPALANAYA
IF A JUDGE/PRIEST CAN BE ARRESTED FOR KEEPING AN ELEPHANT, WHY SHOULD THE GOVERNOR OF CB, NOT BE ARRESTED, FOR SUCH AN ILLEGAL PROCEDURE?
Please please be ACCOUNTABLE WHOEVER IT IT IS. college matest not to be exempted?.?
/
Suresh / June 8, 2016
What CT WHAT EVER ARTICLES ARE NOT COMPLIMENTARY TO CT, you refrain from publishing?
So you obviously ashamed of what you publish
/
Kuttayan / June 8, 2016
If AM has given instructions contrary to the law, the person who has received such instructions in writing memo / email, can take it to the law enforcement. The things come from CBSL is like a Live Commentary hard to believe! Could these stories are from some one who is going to be fired from the bank soo?
/
Gona / June 8, 2016
Shameless CT.
Publishing cock against a completely innocent man.
Stop your witch hunt.
As he has already got his re appointment.
Waste of all your unecessary articles .
/
donald / June 8, 2016
[Edit Out]
/
donald / June 8, 2016
start a newsroom and see the flies wander from the iron curtain.
thats how most enterprises commence- just about better than other.
/
Lone Wolf / June 8, 2016
Dear President Sirisena,
Is it not the correct time to get rid of Arjuna?
/
Upali Weerasinghe / June 8, 2016
If you believe this story you will believe in anything. Governor may be a crook but not a fool.
/
Mudson Silva. / June 8, 2016
Dear Mr President,
Please get rid of all the Arjuna’s for gods sake. Disaster is on the way watch out!!!! Jarafucksa is waiting for a come back.
/
sana / June 8, 2016
What a shame robbing poor sri lankans , put these idiots in the Jail, Runil was not elected, Arjun was selected by Ranil, Sirisena got no back bone MR and the gang robbed Us badly, what is happening to Sri lanka, we need JVP back to clean this Thieves
/
wije / June 8, 2016
Mahendra/Ranil/Ravi, oya 3 personal are very well knows what ongoing and unfortunately president doesn’t know.
/
Lankan / June 8, 2016
First of all its important to find out if this is true. If it is, then Arjuna has to be taken before a Parliamentary Committee for an inquiry. If he is found guilty then he has to be locked up. If this information is not true, then those who originated the false information (may be Jarapakse and his gang) should be taken into custody.
/
take_that / June 8, 2016
Lankan,
“should be taken into custody. “
tat, tat ,tat, judge, jury, hangman.
Proposition logically correct is not sufficient but in accord with human nature.
Humanised thinking is just reasonable thinking.;))))
/
anotherbuddhist / June 8, 2016
This guy is the biggest fraud. Ranil and his gang of thieves are robbing Sri Lanka blind. And the citizens are mesmerized by this Yahapalana magic trick. The cannot see past the ‘Rajapaksa’s corruption’ illusion.
/
anotherbuddhist / June 8, 2016
This guy is the biggest fraud. Ranil and his gang of thieves are robbing Sri Lanka blind. And the citizens are mesmerized by this Yahapalana magic trick. They cannot see past the ‘Rajapaksa’s corruption’ illusion.
/
Thakshka / June 8, 2016
ONLY FOOLS WILL BELIEVE SUCH PATHETIC LIES.
MR MAHENDRAN IS AN HONOURABLE MAN THOSE WHO CANT STAND IS PROFESSIONAL STANDING ARE SPREADING THIS KIND OF LIES. Stop accusing an innocent man without finding out true facts. Stop this character accusation.
/
Sapumal / June 8, 2016
I dont know the truth. But it is very clear some elements trying to create havoc with their desperate campaign against the good Governance. If Mr. Mahendran has done something wrong, he must face the criminal prosecution without any hesitation. There is no argument about that. It is better to keep Mr. Mahendran away from CB business for a while. It is better for PM and the Govt.
/