Overseas travel ban on Cabraal extended

Overseas travel ban on Cabraal extended

November 24, 2022   10:31 am

The foreign travel ban imposed n former Central Bank governor Ajith Nivard Cabraal has been extended until December 15.

A private plaint filed by former Governor of the Southern Province, Ranjith Keerthi Tennakoon was called before Colombo Magistrate’s Court this morning (Nov. 24).

The plaintiff alleges that during his tenure as the Central Bank governor from 2006 to 2015, Cabraal had paid a sum of USD 6.5 million to Pakistani-American political donor Imaad Zuberi without the approval of Cabinet Ministers and thereby is responsible for criminal breach of trust and criminal abuse of funds.

He also accused Cabraal of causing a loss of USD 500 million to the Government of Sri Lanka through sovereign bonds due on January 18, 2022, while serving as the Central Bank governor.

According to the plaintiff, the Sri Lankan government incurred a loss of LKR 10.04 billion through the appointing of close relatives to positions and from the release of confidential information on Treasury bills and bond issues, during his tenure as the Governor of the Central Bank of Sri Lanka.

When the case was taken up by Colombo Additional Magistrate Harshana Kekunawala, the attorneys representing Cabraal raised preliminary objections against the proceeding with the matter.

Accordingly, the attorneys who appeared on behalf of the plaintiff were ordered to present written submissions on December 15 pertaining to the preliminary objections raised by the defence.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

NOTE:- Due to legal contstraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

Most Viewed Video Stories

US donates 9,300 MT of fertilizer for paddy farmers in Sri Lanka (English)

Energy Minister reveals estimated electricity unit cost for uninterrupted power supply (English)

Scholarship for A/L students from President's Fund commences (English)

Palali International Airport to recommence operations (English)

Another cruise ship carrying hundreds of tourists docks at Hambantota Port

Several trade unions launch protests against budget and high cost of living

Justice Minister claims Sri Lanka losing Rs. 100 billion in taxes due to BOI agreement