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This bond issue also caused disputes between the Government of Sri Lanka and Government of Singapore over the extradition requests of Arjuna Mahendran to Sri Lanka. [ 4 ] On 3 September 2019, Singapore's Ministry of Foreign Affairs clarified that the government would consider the extradition request from Sri Lanka once the necessary supporting ...
Arjuna Mahendran was appointed as the Central Bank governor, replacing Ajith Nivard Cabraal, who was involved in the bond scandal. In 27 February 2015, newly appointed CBSL governor Arjuna Mahendran advertised the sale of Rs. 1 billion in 30-year government bonds at a coupon of 12.5% [ 22 ] Despite several accounts erroneously cite an ...
Central Bank of Sri Lanka bond scandal This page was last edited on 30 September 2020, at 00:29 (UTC). Text is available under the Creative Commons Attribution ...
Dissanayake has promised to reopen over 400 cases of corruption and fraud, including restarting investigation into the 2015 Central Bank of Sri Lanka bond scandal and the 2019 Sri Lanka Easter bombings. [50] Former senior police officer Shani Abeysekara was appointed to head the newly created Police Assets Recovery Unit. [51]
(Reuters) -Sri Lanka is weighing U.S. bribery accusations against Adani Group and Fitch put some company bonds on a watch list for a possible downgrade, as fallout widens from indictments of some ...
This financial scandal had far-reaching consequences, impacting Sri Lanka's financial sector and leading to substantial regulatory reforms and increased scrutiny of the industry as a whole. This led to a severe liquidity crisis in the final weeks of 2008.
COLOMBO (Reuters) -Sri Lanka is asking international bond holders to take a 30% haircut and is seeking similar concessions from investors in its domestic dollar-denominated notes as it seeks to ...
The current year places a heavy burden on Sri Lanka, with debt repayments amounting to approximately $4.5 billion, commencing with an initial payment of $500 million towards an international sovereign bond. Sri Lanka holds a position of significant importance in China's ambitious Belt and Road Initiative. [3]