Saturday, March 7, 2015

Central Bank of Sri Lanka - FRAUD IN 50 DAYS!!! THE BIG CHANGE!


The entire business community was shocked with the blatant abuse of power of the new Central Bank Governor Arjuna Mahendran to help his son-in-law Arjun Aloysius, resulting in the fund losing over 2 billion Rupees.

The story is that the Central Bank's recently announced 30-year Bond indicative rate has jumped from 9.5% to 12.5%. Perpetual Treasuries Capital (Pvt) Ltd, owned by and CEO is Arjun Aloysius, has bought and resold the bonds and made millions if not billions on the same day. Looks like an insider deal.

The main bidder, Mahendran’s son-in-law who bid at 12.5%, obviously had inside information and as a result gained high profits, where as the banks and the other financial institutions who made their bids according to the public information given by Central Bank lost out to the company owned by his son-in-law.

Also, during the last week several 5-10 year bonds at low rates were sold by CB Governors’ son-in-law Arjun’s company and reinvested in the 30 year bond, because he had inside information from the Central Bank that the rates would go up to 12.5%.

Evidence of the unbelievable Bond rate:


Before appointing Arjuna Mahendran as Governor of Central Bank, were not Prime Minister Ranil Wickramasinghe aware of his connection with Raj Rajaratnam? The Central Bank now directly comes under Ranil Wickramasinghe's Economic Affairs and Policy Planning Ministry.

Current CB Governor Arjuna Mahendran is a childhood friend of Raj Rajaratnam as admitted by him.

Here is evidence:

Moreover, current Finance Minister Ravi Karunanayake alleged to have received US $3 million from Raj Rajaratnam contravening exchange control regulations few years ago. The case is being heard in Sri Lankan Courts.

Raj Rajaratnam, who was a major financier of the terrorist outfit LTTE, was sent to U.S. Jail for insider trading in New York.