Central Bank Governor Arjuna Mahendran has come under fire from all ends, with complaints lodged against him at the Bribery and Corruption Commission along with demands made for his removal from the position.
Arjuna Mahendran
The JVP, during a media briefing yesterday called for Mahendran to be removed from the position or called for his resignation in order to allow an impartial inquiry to be conducted into the allegations. They noted that he should be removed from his position at least, as a temporary measure until the probe against him that conducted by a three-member committee appointed by the Prime Minister, concludes.
Meanwhile, the UPFA parliamentarians Mahinda Amaraweera and Jagath Pushpakumara today lodged a complaint at the Bribery and Corruption Commission against Mahendran over the controversial treasury bonds issue.
CB Governor Arjuna Mahendran’s controversy emerged a few weeks ago with concern to his intervention in the issuance of Treasury Bonds through which his son-in-law had been given an upper-hand in the bidding process.
Mahendran was accused of blatant abuse of power when the rates of the treasury bonds that opened on February 27 through which a sum of Rs. 1 billion was offered, was hiked up. The allegation was that although the rates of the bonds were expected to be in the range of 9.5%, it had been escalated up to 12.5 % under the instructions of Mahendran. Media reports claim his son-in-law was fully aware of this step and as a result, managed to gain a massive profit by bidding at the renewed rates.
shankar / March 12, 2015
“The allegation was that although the rates of the bonds were expected to be in the range of 9.5%, it had been escalated up to 12.5 % under the instructions of Mahendran.”
I presume that the country will have to pay the increase of 3% for generations to come.He will say that the increase was necessary to get the 15 billion rupees.If the investigators can show that we could have got that money a lesser rate then his son in law has to give back the difference.The people can;t be paying again this time under a ‘good governance’ government.He should be sent to welikada for 5 years just like fonseka and after his son in law has coughed up the money he can be pardoned by sirisena after completing at least 2 years.
enough is enough we cannot go on like this with this bastards who live in foreign countries.Now i suppose that paskaralingam will get ready to come from London to milk the country with mega deals again.let us send a clear message to those who think srilanka is a soft touch anymore.
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Native Vedda / March 12, 2015
Ben Hurling,
Where are you?
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Javi. / March 13, 2015
It’s srilal who knows the bank better.
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EE / March 12, 2015
HE must be fired…. just for the mere fact of a scandal!!!
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MNZ / March 12, 2015
Firstly, this Committee should have been appointed by MS and not Ranil (who has a conflict of interest).
Secondly, Ranil’s proposed committee of 3 UNP lawyers is farcical and should be discarded pronto.
For a meaningful inquiry, this committee should comprise of a money market professional, a senior Central bank official (perhaps retired and who has knowledge of how the system operates) a senior police officer with relevant investigative skills and an Auditor from a reputed Accounting firm. The synergies of these professionals would give a credible result, and not the exculpation Ranil wants from his cronies.
Judging not only from Ranil’s proposed committee, but also considering the tenor of the inane comments made by Ravi and Harsha everything clearly points to a shameless cover-up.
Let the axe fall where it should irrespective of politics and personalities. That’s yaha palanaya.
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jayasingha / March 13, 2015
Agree 100%. President must be strict and scrap this committee and appoint a new one with technical and legal knowledge of the subject. Ranil and Ravi must take responsibility for this appointment and must resign.
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rew / March 13, 2015
RW is a farce in Opposition, and also when in Power.
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EW Golding / March 12, 2015
Ranil made a bad choice, a blunder in choosing Mahendran.
After the horrible experience of all the bloody crooks, rapists and drug peddlers that the Rajapaksa Regime surrounded itself with RW thought it would be safe to go for Royal-Thomian types and well known (to him) and established businessmen.
Unfortunately these fellows too let the country down – Mahendran and Srilankan Airlines appointments are cases in point. All these buggers must resign now or be forced to resign. By facing up to the mistake immediately, before the sore festers, RW will be able to rescue his reputation.
In future appointments, better go for persons of sterling reputation, whether of the left or right is irrelevant. Usually such people will not come coveting appointments. The government must seek them out, promise they will be allowed to get on with a clean efficient job and it must beg them to come and help!
Some utopia you must be thinking!
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Sadith / March 12, 2015
Not only him, They should demand ravi. k to be removed. This is exactly what ravi. K did with raj rajarathnam, what happened to the money laundering case against this crook. This guy single handedly destroyed the Sathosa, now on course to destroy Sri Lanka’s economy. Hopefully we will see these crooks behind bars in few months time.
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Pot Shot / March 12, 2015
Unacceptable behaviour. If he is a man with a good reputation he should resign forthwith until an investigation is complete. There is no smoke without fire.
This is a bloody shame!!!!!!!!!!!!!
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.Ponzi Cabral... / March 12, 2015
“If he is a man with a good reputation he should ………..”
Good reputation? Hic..Hic..
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Lasanda / March 12, 2015
This so called Governtmnet of Sri Lanka is lost without a strong leader, to direct people and govern a country!!! Its easy to come to power with western help, but can they rule a country????? We have seen how America has messed up many more countries just like this!!!
I feel sorry for my country!!!!
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Point of View / March 12, 2015
OMG, didn’t you feel sorry for the country in the last 10 years ? Why now ? At least people are being questioned and investigated now.
Who questioned tuition master Cabral ?
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Lasanda / March 12, 2015
Questioning not enough stupid, prove it!!!
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crazyoldmansl / March 12, 2015
“STRONG LEADER”????. We just got rid of the STRONGEST LEADER WE EVER HAD and just look at how much HE stole.
The answer to Mahendrans crookery is not another fascist. Let us see how Ranil handles him.
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Vas / March 12, 2015
People were very pleased to see a Tamil as a central bank chief. Why would he be so stupid allowing this kind of corruption ? His son in law alosius is supposed to get connected to Sajin Vaasa and other Rajapakse cronies.
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Alocious Gonsaga / March 12, 2015
So the Colombo’s LTTE’s Tamil mafia is at work. Mahendran’s ex-wife, one of Colombo’s high class hookers is part of the Maharaja Organization. Killy Mahendren is Colombo’s biggest [Edited out] owning a series of companies purchased with the clandestine help, Pepsi Coca, A F. Jones, etc…and now another [Edited out]
Hardly two months have gone by and Mahendren helps his son in law to cash in. This is Colombo’s elite Tamil mafia at work, in banks, corporate positions, Central Bank Govenor, Sri Lanka Trading, all these [Edited out] should be burnt at the stake and gotten rid of once and for all! People voted for Ranil not to bring back his own cronies, if he does not kick these people out, he himself will get kicked out.
The poor President is Ranil’s lap dog. They really don’t know how the Colombo Tamil Mafia operate. I assure you, this is just the beginning, so watch out Sri Lanka.
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cholan / March 12, 2015
…….Maharaja Organization never pop out just in one night ….it has got over 60 years history…well managed and well administrated …… well internationally respected….
Remember how Upali Group ..Dasa Group started and where are they today ?????
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Richard Kaz / March 13, 2015
This has nothing to do with Tamils. The fact that he is a Tamil does not make all Tamils crooks just like Cabral’s record does not make all Sinhalese crooks.
This guy is Ranil’s catch and a reflection of his integrity. Many Tamils have said Ranil cannot be trusted, it is starting to show isn’t it??
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Javi. / March 13, 2015
“Many Tamils have said Ranil cannot be trusted, it is starting to show isn’t it?? “
like JR or Rajapassa he is marakkala now while most sihala and many tamils are!!
that is your crocodile where is Dundee gone, where is little baby gone, bye bye-
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Kuseel Gunasekaram / March 13, 2015
“……….just like Cabral’s record does not make all Sinhalese crooks.”
Wrong. Cabraal the Ponzi Maestro is a Tamil Chetty; Not a Sinhalese. Get your facts straight.
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Javi. / March 13, 2015
Yup when it suits you turn coat sihala muslim- you never had a language even as far back as 1970- when GL Peiris borrowed parangi portugese (of scabies WMD stock) informed Colombo Campus sihla law students while lecturing in english to them. The judicary could not function- how much 2500 years without language???
first word of portugese servants to Isabella Catholica we have transported Buro (spanish for donkey)to the island and set Scabie WMD in operation.
so Cabral came to Kochikadde Colombo by boat to be baptised by the Portuese initiated church in lines of Basilica and completed by the Dutch (the Archbishop of Goa Portuguese around 1550 had a Dutch Secretary – the traveler businessman who published all worldwide Portugese Trade routes for the English in 1600 and VOC in 1603 create English east India company and VOC Dutch east India company-(both EIC were private untill England crown took the administration around 1860-70(chck date on wikkie)trade trade wars slavery servitude and still the agri economy geared to west- tea (tea & potty china introduced)- the Emperor of Rome was born at Flanders Belgium had mistress there and his wife was Queen of Spain he died on retirement at Madrid – Carlos 1)
Know where you come from south Indian on servitude- its just you may have a different trade route from south India which is vast- may be Bangladeshi- they send their women to middle east to spread legs medieval women sex slave history of using white women.
keep fighting- you are the 30th state of India like sikkim nagaland not it takes 3 days to capture when America and China start shagging themselves like 8 days for bangaladesh.- happy stay buruva!!!
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Dr.Goebells / March 13, 2015
Please stop spreading hatred against Tamil people . We are all Sri Lankans , and we should be collectively be held responsible for where this country is today .
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Donald J Gnanakone / March 13, 2015
Editor,
They all can say anything about Mahendran whose conduct as governor is most despicable. However, attacking his wife Nadine should not be tolerated in any website as she is a lovely girl and I have known her as a young school girl. She is only connected to the Maharajah’s Killi Rajamahendran who is a neighbor and her older sister Padma Maharajah was married to Mr. Maharajah for a few years and divorced for more than 40 years.
So editor, please edit out immediately this kind of slanderous writings.
You are more than welcome to attack Arjuna Mahendran and his greedy Son in Law who has been close friends of Namal Rajapakse and Nirvard Cabral doing the same kind of deals for many years under the Rajapakse regime.
No doubt this is a Tamil Disgrace.
Donald Jayantha Gnanakone
Tamils For Justice
Founder.
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Javi. / March 13, 2015
Please Cheese me? said even the wife of world bank servant romeo.
It takes two to tango Buruvawansa said the same.
Love is Blind!!!
That is why we all have divorce for all to see.
Even the Pope is connected to Mafia and Beer Stock & Shares.
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Alimankada Pamankada / March 13, 2015
“It takes two to tango Buruvawansa said the same. “
Yup; Ponzi Cabbaral wouldn’t have been able to fix the shady wheeler-deals he is well known for without the help of his crafty wife. She was the brains behind this otherwise silly crook. Even Golden Key. Caesars wife was surely not beyond suspicion.
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Javi. / March 14, 2015
Making Samson & Delilah for
Delhi Wallas you must be joking!!
They all remember the Johnny Walker werry wella at south block.
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Truth / March 12, 2015
Caesar’s wife must be above suspicion. Mahendran must resign without bringing the government in to disrepute. The same applies to the Minister of Public Security & Order, because of his disorderly conduct.
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backlash / March 12, 2015
Relax, guys. It is only an accusation. Let us give Mahendran a chance to explain. If Aloysius is guilty, all those responsible down the line be severely punished. Some in the page have even mistaken Padma M to be Mahendran’s ex-wife. She is his wife’s elder half-sister.
Of course, no one is exempt from honest charges. But, please, let us be responsible there.
Backlash
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Bensen Berner / March 12, 2015
He should be removed forthwith before the festering of his kind of corruption becomes worse.Bensen
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Douglas / March 12, 2015
What is there to “INVESTIGATE”? Anyone could find out why and when the difference in the rate was changed and what benefits were obtained and by whom. It was reported the increase in the Bond issue was made to pay for the outstanding bill to the contractors. Is that a “reasonable”, reason to increase the Bond value?
We have seen for the last decades these “Educated” and “Professionals” have ripped us off in stock and barrel and put the whole country to a bankruptcy level. When one set of “Professionals” go, another set are ready to take over. That is mainly due to the “corrupt” and highly “inefficient” politicians taking over the reins. These “Professional” vultures fly around those in power and grab the kill to feast in joy. Someone quoted the appointments to the the Sri Lankan air. Look at the type of people who have been appointed. A “Textile Expert” at the “Head”. Could be a school mate. Haven’t we got very highly successful business leaders who have and are managing large business ventures in this country to resurrect this airline? Have we got to “IMPORT” people from broad?
Now they demand an “Election”. OK. Let them come. The people of this country are no more FOOLS and they have the ANSWER.
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Shiro / March 12, 2015
The new government must rule by example. If ANY of their appointees, or even themselves, are found to be corrupt or under the suspicion of unethical practices, they MUST be investigated and held responsible.
SO early in their term, and the rats are beginning to nibble at the cheese. They are all the same.
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The Professional / March 12, 2015
Arjuna Mahendran has so many records in his cupboard. The controversial Port City project was planned by the Singaporean Consulting firm SESMA and they were commissioned by AM when he was the CEO of the BOI. SESMA was brought to the scene on fabricated grounds of Sri Lanka not having Town Planners, Urban Designers and Architects, who are capable of transforming Colombo City to a city in par with capital cities of economic giants of Asia. Now the issue to be resolved is to how to open doors for Singaporean capital markets. According to a Moratuwa Uni Town Planning Don, who read for his PhD at the National Uni of Singapore, SESMA has turned the Singapore City State Development Plan by 90 degrees anti-clockwise and has superimposed the same on city of Colombo.
Does such an exercise worth Rs. 100.00 million?
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Javi. / March 13, 2015
great men copy, a genius steals.
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Goraka / March 12, 2015
Before the situation gets out of hand, fire him.
And, then recover the excess money paid to his son-in-law.
Nip it in the bud.
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Goraka / March 12, 2015
Fill all the major vacancies with non-Sri Lankans for a period of at least 10 years to change the crime-culture of Sri Lankans.
Let the Sri Lankans learn how to make money the RIGHT WAY, not the crooked way.
I am a proud Sri Lankan.
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watcher / March 12, 2015
Son in law recently bought 11 million dollar apartment in Singapore, guy is young and used to hang on Namal’s gang and now he got inside data from BOC… Just connect the dots and you will see how these crooks work with both side of the equation.
Ranil is just a incompetent nincompoop which has no clue how these complex market works.
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Plato. / March 12, 2015
Could Arjuna Mahendran a seasoned Professional in Finance drop his Guard to help his son-in-law to make a fast buck under the full glare of the central bank open air Theatre?
Besides,a new Govt:has been inducted with so much fanfare of catching the crooks of the previous regime,and Arjuna Mahendran would have only known too well that his seat was a hot seat.The fact that he was a Tamil also meant he was vulnerable! There would have been Ajit Nivard Cabrals catchers at central bank watching every move.So with all this would he throw caution to the Winds? UNLIKELY!
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Javi. / March 13, 2015
It will be calling for sovereignty to cover their stench – Shape Shape Shape
They are like most zebra eating crocks.
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backlash / March 13, 2015
Plato,
Rational thinking. We need many more like you in these pages.
I am told Young Aloysius comes from a family in business. His grand-father was Aloysius Aduththarai-Kattar, whose family was for generations in the Dried Fish business (Free Lanka Dry Fish Store in the Pettah) K. Aloysius, as he was known, befriends Premadasa and Paskaralingam (1977) as an Agent to foreign Commodity suppliers during their time. He came into big-time money making later in Plantations and Granite-making thanks to Pasky. Later the family, honourable as known, shifted to Power producing. One of KA’s brothers continued to live in Singapore from the late 1980s and made it good there.
The marriage into the Mahendran-Nadesan family is across race-religious lines. The Aloysius are from the coast of Tamilnadu, Catholic, lower in the social scale, and engaged in the dried-fish trade. Mahendrans are Hindu and from an upper class Vellala Jaffna family. I believe young Aloysius has a degree from an Australian university. It is one of those cases where class replaces caste.
Backlash
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Javi. / March 13, 2015
“Mahendrans are Hindu and from an upper class Vellala Jaffna “
the buy and sell business class with saliva pouring down their jaws prospers when you have the tamil speaking muslim in your knickers like the sihala.
Iron Pillar is a significance of that Gupta Raja of Raja the warrior- R Vellala not B Vwella the kallathoni importers exporters.
Nehru was pundit bookworm so he got the works and words Indo Chino Bhai Bye!!!
China returned all POW not worth spending on them and India still to return one.
Anyway Singapore is TN no way but very Chinese cul du sac Chinese anti weretiger`China soverigin is in operation from there-HSBC only bank in every village of China from oct 2007- money laundering using English flagship but 90% of transaction offshore.
Citi which took Chinas first Direct investment of $100 billion and lost it all in 3 months was not considered.$100Billion is the max for year direct investment as per party communist policy.
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Manjula Fernando / March 13, 2015
I have lost all respect for Ranil Wickramasinghe.He thinks only he is right and only his appointments are good. Now this guy Arjuna Mahendra who was appointed as Governor of our Central Bank was actually a Singapore Citizen ! But he was Ranils old buddy and keeps appearing whenever Ranil surfaces on the government side.
The scandal concerning Arjuna Mahendra and his wheeler dealer son in law ( in fact outlaw son in law)Alloysias is now in the public domain.This guy was a very obliging and humble attendant for Namal Rajapakse. The very idea of good governance demands that we investigate this unacceptable conduct and goings on at the top of our financial structure.
But what did Ranil do ?
He appoints three UNP lawyers to investigate the offence which has been allegedly caused by Ranil’s appointee in the position of a high public office ! These three are like servants. Can they go against the wishes of their party boss ?
This is the same thing this chap Ranil does in the UNP. He stacks it with servants. Every time there is a crisis in the UNP he appoints his own men to a committee to investigate it.
Ranil is not a man who should be in charge of our country’s financial or any other matter. He was never given a mandate by the people.
Ranil should resign or we will throw him out at the election which he is threatening now. Ranil, we are waiting for you
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Plato. / March 13, 2015
Backlash.
Thanks.
I have heard this name Aloysius Mudalali who was in the Bandwagon of Premadasa-Paskaralingam duo in the 80s.
Arjuna Mahendran, I believe is the son of Charlie Mahendran-onetime career diplomat and later in the inner circles of Ranil W. Perhaps,this accounts for his appointment! But what I am unable to figure out is how the Mahendran family got involved with with types like Aloysius who after all had neither Class nor Caste.But,perhaps as you quite rightly say with Upward mobility Class replaces caste.As far as Aloysius is concerned this has happened in double quick time.Money is not the root of all evil after all.!
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backlash / March 13, 2015
Plato,
Pls don’t confuse Aloysius Kattar with the Dean’s Road, Maradana
thug Aloysius Mudalali, who a was Sinhalese bookie. The former was an averagely educated Benedictine from the South Indian Tamil Bharatha community. He was a highly cultured guy – a member of the SSC, Otters and so forth. Very much English speaking, if one may add.
Backlash
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Javi. / March 13, 2015
This is like Cameron saying murdoch not guilty but the editor of News of the world then slipping – rest is history in the running for ranil too- he is mussie bent with ravi the mudalali setup to conquer Sajith the idiot who India wont let come up- lanka doom.
Mahahendran O inside trader protectionist money launderer, So finally we are aware that Emil soundranayagam, Raj rajaratnam syndrome – inside traders and money launderer HSBC is bulla for that whether it’s Canada or China where the Chinese are in a big way and Singapore is the money laundering for point for soverign fund.
barclays shares purchased via Singapore HSBC broker because it carries the english flag but does only less than 10% in the UK but yet the biggest-
Amazon is 3 times as big in liquid assets and all to HSBC- see how bookworms worm their way with ebooks and shoes, groceries, almost anything under the sun post office corner shops etc.
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Javi. / March 13, 2015
“”He was a highly cultured guy “”
vulture eating culture baharata kochikadde- soddhi for colombo bound jaffna tamils no if not for beedi company senate house.
your aban pc chosky also came that way and lived in those tenements of the harbour.
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Javi. / March 13, 2015
“the Mahendran family got involved with with types like Aloysius who after all had neither Class nor Caste.”
Just like the mafia they kept their date by the gun- because that is all he knew like you are now a writer but he was a kappan , bucket shop etc business as usual and no one crosses the line- like at bombay by mussies before 9/11
so what is his caste class – no different to the stupid vote casting class that voted passa for freedom- enjoy the ride to freedom- coming lately soon- 30th state of india in the indian ocean never Yellow submarine zone.
Jai iHind
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ramzi / March 13, 2015
Javi, Your knowledge of matters all and sundry never ceases to amaze me. Also your inimitable style. Keep writing dude. I know you don’t like mussies but that doesn’t matter. I still admire your work.
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Javi. / March 14, 2015
“I know you don’t like mussies but that doesn’t matter.”
like dislike are of different strokes.
I never try to place a bucket under a mouse to try and milk it and that is what i learnt in India, Pakistan and SARC in general.
I just let the snakes swallow them.
Neither do I let kaliya play off the tune of the piped piper.
Sivaji the greats tomb keeper and builder was his step brothers muslim wife not medieval middle east bound camel.
It takes long to be young
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bganendra / March 13, 2015
Ravi and Ranil must resign for this appointment of the Governor and for the scandal
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Plato. / March 13, 2015
Thanks again Backlash.
So,the relevant ALOYSIUS will not have any difficulty in sipping his Whisky and soda at RAFFLES Singapore! SSC and Otters experience.
CHEERS.
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Afzal / March 14, 2015
About Javi
I take bit of time to write some stuff about infamous “javi” formerly known as Kaliman or Mud head.
Javi is like a stray dog,(only a analogy) he/she/??? (as I am not aware of the sex) wonders around looking for scrap where ever it find some scrap it sniff and shits there. It has no objective in it’s sorry life. If u look at most of the javi (sa pe pe) posts the post are hooked on to someone else post write some crap again whats written is also bit’s and pieces which does not give any meaning.
Best part is what ever javi (pe) writes 100% assured he will get minimum of 5 vote ups. Almost most of the time no vote down which I can explain clearly as no one bothers to read the garbage so no vote downs. That leaves the question as to who is voting up ? well that is not hard to figure out.
In most cases Javi will attack a person on one comment several times as he gets his/her/??? fits he has to punch some words. What I read from this is person who is unable to comprehend life’s challenges.
If Javi (pe) has the guts to take positive criticism, this is what I have to say.
Now I put down some of Javi (pe) lines, below was collected in few minutes. what I see is a troubled child who grew up without parents, family and friends.
Quotes from javi (pe)
“The max goo is not on toilet seat but keyboard”
“everybody fly’s and everyone plays football”
“How slime flies”
“Buro Butt Pena Kiyanna”
.
“Buddha is a social engineering farce”
Zen Buddhist would second my scientific statement
BBS drove the shit in your mothers place
I eat you on Fridays as a convert
Paul Bule Passe Nool what is your rotton rabutan stuck too
deeheepuuuu, pin paaaade
all men are mad or they should be arty farty
balu senator
Go eat pig sh*t little big Sh*t.
I took time highlight few points lets see if javi can think rationally for a moment. If not I would urge CT to ban stray dogs from posting in CT. I also know best of Javi will be seen after this whether it’s for good or worst. Let hope it’s good.
Everyone should be given a chance, but I am pessimistic. Let see how it goes. Its interesting.
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Javi. / March 14, 2015
This comment was removed by a moderator because it didn’t abide by our Comment policy.For more detail see our Comment policy https://www.colombotelegraph.com/index.php/comments-policy-2/
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firoze / March 15, 2015
Sorry, Afzal. One needs to be an intellect to understand what Javi says. He is at a very high level so, understandably, many would not bother to read him. Its like throwing pearls before swine.
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Tamil from the north` / March 14, 2015
Have an investigation and if he is found guilty then fire his backside out the door. It does not matter whether he is a Tamil or Sinhalese. But this investigation should be an honest one. Not like the ones Mara had for his opponents.
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BbS Absolute / March 15, 2015
[Edited out]
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