It is reported that former Governor of Central Bank Arjun Mahendran, who is accused of the Central Bank bond scam, is serving as an adviser to the Ministry of Finance. It is reported that Arjun Mahendran participates in Finance Ministry meetings as an adviser.
It has been revealed that Arjun Mahendran has participated in meetings held by the Minister of Finance on Tuesdays and Thursdays at 5.00 p.m. in which the Governor of Central Bank Indrajit Coomaraswamy, R. Paskaralingam and Dr. R.H.S. Samaratunga, the Secretary to the Ministry participate.
The latest meeting had been held at the Ministry of Finance on 6th January, 2017 and at this meeting Arjun Mahendran has, as usual, advised Central Bank Governor Indrajit Coomaraswamy what decisions the Monetary Board of the Central Bank should take. This is a violation of the Monetary Law Act.