No plans to take any action against CB Governor: Lakshman Kiriella
July 02, 2015 (LBO) – Sri Lanka’s Central Bank Governor, Arjuna Mahendran would not be removed from his post since the allegations are false, former leader of the house Lakshman Kiriella told reporters Thursday.
“We are not planning to take any action against him,” Kiriella said.
“There were three draft reports on this bond issue, But none of the reports proved that Arjun Mahendran is wrong, That is the truth,”
“The reports were not presented to the parliament because nothing has been proven, The COPE report didn’t present because there is nothing wrong.”
In April, Economic Affairs Ministry issuing a statement said that the committee appointed by Prime Minister to probe the controversial 30 year bond has found that Central Bank governor Arjuna Mahendran had no direct participation in the incident.
“The Committee concluded that there was no evidence to the effect that the governor had direct participation with regard to the activities of the Public Debt Department and the Tender Board Committee.
” the statement said.
The statement further said that the Committee has noted serious lapses on the part of the Bank of Ceylon through whom Perpetual Treasuries had routed an unusually large amount of bids for the 30 year bond.
“The Committee observed that the bidding pattern of Perpetual Treasuries was unusual and warranted a further investigation.
” the statement further said.
Then a Committee on Public Enterprise (COPE) appointed a sub committee comprising 13 Government and Opposition legislators on May 22, this year to look into the controversial Central Bank Bond issue, following the Speaker’s ruling on a motion submitted by UPFA Parliamentarians seeking the dismissal of Central Bank Governor.
In the motion, the Opposition Parliamentarians have alleged that the three-member committee appointed by Prime Minister Ranil Wickremesinghe to look into the matter was not independent.
“If the Cope chairman has found any guilt on the governor, he has all the rights to stand up and speak in the Parliament,” Kiriella said.
Do you even know what Stripe is or how it works? Doesn’t sound like it from your stupid response.
May be they can use Ireland as a tax heaven like most other tech companies…
Right. They have used wikipedia. Stripe is founded by two Irishmen but headquartered in USA. Naturally they have a development center in Ireland.
Countries need to live the present & constantly move foward.Consider a practical experiance.To remit 500 GBP from U.K.to SL using bank Swift @ one instance cost around GBP 60.After discussing the issue @ U.K end by the remitting party something was refunded.PayPal or similar alternatives may be for the small people who transfer small amounts & can never take over the huge Swift business volumes handled by the commercial banks.But lowering costs is a key for survival for small enteprice that do not have that huge transfer volumes that can attract lower & better commission rates.
Bad relations of MR regime with the West?
When the CB Governor has told the COPE committee that he acted according the instructions of the Prime Minister under who’s Authority is CB, how can UNP take any action against the CB Governor? They have to take action against their own Prime Minster for instructing CB Governor to rob the country’s wealth, on his and his party’s behalf.
https://en.wikipedia.org/wiki/Stripe_(company)
Stupid government do not know working on ODESK which is online virtual workspace. When we want to transfer fund from it. It is very costly without paypal.;
Compared to Stripe, PayPal is not the cheapest. On the other hand PayPal is not the fastest. If you enters as a new merchant or PayPal client, you have to wait for 21 days to get the payments realized. Then their support is one of the worst and rarely responds. We welcome Stripe as it comes with a complete package oppose to lethargic PayPal.
A few points
1. There is no cope report, only a draft.
2. The draft is extremely sloppy, inaccurate, misleading, and jumps to conclusions ad hoc. It lacks credibility.
3. There is clear bias by members of cope who are citing a draft of a leaked document (weak source) to allege illegal activity of a high official
The Governor is likey innocent and has been dragged through the mud by those who have political agendas.
He will be vindicated, and the confidence in him by the PM and Pres will increase dramatically as the years go on. Those trying to destroy him have failed.