Governor of the Central Bank, Arjuna Mahendran today recommended Senior Deputy Governor P. Samarasiri, to oversee the affairs of the Bank during his absence.
However, Samarasiri comes with a checkered history himself, amidst allegations that he too had a hand in the bond scam, and had sided with Mahendran at several instances even going to the extent of refusing to release details in relation to the bond issuance to the Auditor General.
During a Monetary Board meeting held today at 8 am, Mahendran announced that he will not seek an extension to his term, until the COPE clears his name in the bond scandal. The meeting had been attended by 3 members, which satisfied the quorum requirement of such meetings.
Even though the Executive Officers Union had submitted a memo to the Monetary Board requesting the Board to appoint the most senior Deputy Governor as Senior Deputy Governor, the letter had not been tabled at the Board meeting today.
However, according to another Deputy Governor who also had intervened in the deliberations the acting appointment would not hold after 30th of June 2016, when the term of the Governor expires. He had then hinted that COPE would submit its report before 30th of this month, which would permit the government to reappoint Mahendran.