The Colombo Magistrate’s Court today (12) issued notice on the Governor of the Central Bank Arjuna Mahendran and his son-in-law Arjun Aloysius to appear before the court on October 30, over a petition filed regarding the controversial Treasury bond issue. 

 

The petition was filed by UPFA Western Provincial Councillor Renuka Perera seeking a court order summoning the Mahendran and his son-in-law, in connection with the alleged misuse of Rs 30 billion acquired in the process of auctioning Government Treasury Bonds by the Central Bank of Sri Lanka.

 

The Court was also informed that, on or about 27 February 2015, an issue of 30-year Treasury Bonds valued at Rs 1 Billion was declared and without any public notification, the Central Bank had increased this amount to Rs 10 Billion. The petitioner said that the loss incurred by the government was Rs 1.393 billion.

 

The petitioner also requested the court to ban Mahendran and Aloysius from traveling abroad, but the court refused this request.