Business

Shamed former IMF boss was on Sri Lanka CB’s payroll, was here on Oct 26-28, 2014

19 January 2015 - 2432   - 1

Dominique Strauss-Kahn, the shamed former IMF Managing Director involved in many sex scandals, unknowing to many had been hired as a costly advisor to Sri Lanka’s Central Bank (CB), the Sunday Times reliably understands.

He was in Sri Lanka between October 26 to 28, 2014, it is learnt. The former high profile banker who was forced to resign in May 2011, had been hired – apparently at some time during the past six months – on a contract believed to be worth US$ 750,000 (Rs.98.4 million) to help make Sri Lanka a financial hub.

dominic straus

Barring probably former CB Governor Ajith Nivard Cabraal and a few others, not many CB senior employees were aware of this, it is learnt. Dubious deals in many places including the CB are slowly emerging after the recent presidential election in which Maithripala Sirisena beat incumbent President Mahinda Rajapaksa. Frenchman Strauss-Kahn was accused of rape and sexual assault, a charge that was subsequently dropped due to lack of evidence, and participating in several sex parties.

According to a statement to the media by the CB in December 2013, Strauss-Kahn had paid a courtesy call on Governor Cabraal on December 13th “at the Governor’s Office in Colombo where they discussed matters of mutual interest”. The release was issued with a photograph.

  Comments - 1

  • Joe Monday, 19 January 2015 10:27 AM

    There was never any question about Mr. Strauss-Kahn's prowess in financial matters. As long as the advice sought was within his professional capability I do not see any harm in retaining his services.

    Reply : 0       0

    Leave a comment



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