Court sets date for Central Bank bond scam trial involving Arjuna Mahendran
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What happened
The Permanent High Court Trial-at-Bar ordered a pre-trial conference for the Central Bank bond scam case against former Central Bank Governor Arjuna Mahendran and nine other defendants, scheduled for January 28, 2027. The court had previously decided to proceed with the trial even though two defendants, including Arjuna Mahendran, were absent. During the proceedings, the court directed Senior State Counsel Oswald Perera to provide outstanding documents to the defense before the next court date.
From srilankamirror.com
Why it matters
The case involves a bond scam linked to the central bank. The ongoing legal proceedings concerning the former governor and the central bank's financial activities in Sri Lanka could impact public confidence in the central bank's governance and financial stability.
From srilankamirror.com
Who's involved
- Arjuna MahendranFormer Governor of the central bank, implicated in the bond scam case.
- central bankThe public institution whose bond activities are central to the scam case.
- Sri LankaThe country where the court proceedings and bond scam occurred.
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The entities involved
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Arjuna Mahendran
Governor of the Central Bank of Sri Lanka
Nothing else this week.
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central bank
public institution that manages a state's currency, money supply, and interest rates
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