June 24, 2016 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran has informed the Monetary Board that he will not seek a re-appointment when his term ends this month until a parliamentary probe over bond sales is complete.
The Central Bank in a press release said he would not seek re-appointment until “the Parliamentary Committee on Public Enterprises makes its findings known on issues related to the issuance of Treasury Bonds in the years 2015 and 2016.”
Mahendran’s term has been controversial after a bond issue last year raised questions of insider trading by a primary dealer, although the government later said the investigation had been completed.
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