A former governor of Sri Lanka's central bank has been accused of insider trading by a damning presidential report into a high-profile bond scandal that cost the island millions.
The long-awaited inquiry recommended the state recover a $4.4 million loss caused by the actions of then bank chief Arjuna Mahendran in 2015.
He leaked sensitive information to his son-in-law Arjun Aloysius, aRead more
A Sri Lankan parliamentary panel has called for the criminal prosecution of former central bank chief Arjuna Mahendran who was removed three months ago over long-running allegations of insider trading.
A Singapore national of Sri Lankan origin, Mahendran was accused last year of leaking inside information to his son-in-law’s firm, allegedly allowing it to make millions of dollars in profitsRead more
The new head of Sri Lanka’s central bank Indrajit Coomaraswamy has pledged to uphold its credibility after allegations of insider dealing that forced his predecessor to leave.
Sri Lanka’s president bowed to pressure to replace Arjuna Mahendran after he was accused of leaking information to his son-in-law’s firm, which allegedly made millions of dollars in profits from central bank bondRead more
Sri Lanka's president on Saturday bowed to pressure from activists and replaced the country's controversial central bank chief, appointing a respected economist to the top job.
President Maithripala Sirisena announced that Indrajit Coomaraswamy, 66, had been appointed as the new governor of the central bank, effective immediately.
Coomaraswamy was previously a director of economic affairs at the Commonwealth Secretariat, anRead more