CB Governor, son-in-law and Cabraal
I read with sadness the interview (in the Business Times) given by the new Central Bank Governor (Arjuna Mahendran) about his experience and how he is dealing with the allegations against his son-in-law. He has been a fund manager most of his life. So, I hope he has the experience to contribute to the progress of our monetary policy of this country and put it right for good. He glosses over the allegations about his son in law. He says he found it out from a newspaper, hard to believe. He hopes that the SEC’s new chief will unearth the evidence on all the frauds. The evidence against his son-in-law’s Perpetual Capital is in the Central Bank he leads. If he does not take that file out and investigate, his son-in-law and (former Governor) Cabraal will get away. A new tax was imposed by the government to penalise those with ill-gotten gains. Those who robbed the EPF does not come in that list other than maybe one company. I have lost hope with the new governor’s impartiality when he says his son-in law had resigned. He still owns the company, doesn’t he? The son-in-law will have undue advantage over the other companies in terms of advance information. This country will only get rid of corruption the day the JVP gets into power.
Mr. Editor, time for justice in this country. Sir.
Priyantha Wasantha Silva
Colombo