Singapore declines to extradite Arjuna Mahendran implicated in bond scam
- CNL Reporter
- February 28, 2025
- Political
- Arjuna Mahendran
- 0 Comments
The Singaporean authorities have cited inability to extradite former Central Bank Governor Arjun Mahendran to Sri Lanka in terms of the legal system of that country, posing a fresh challenge for the government in its attempt to investigate the bond scam which caused a loss of Rs.10 billion in 2015informed sources revealed.
The Sri Lankan Attorney Generals Department sought the extradition of Mr. Mahendran who is implicated in the bond fraud that took place under the Yahapalana government. Mr. Mahendran, a Singaporean of Sri Lankan origin, was appointed Central Bank Governor at that time.
Last year, the Colombo Magistrate’s Court noticed him to appear before the court on February 25, 2025 over a case filed by the Bribery Commission.The Colombo Permanent Trial-at-Bar bench has already issued a warrant through Interpol for the arrest of former Central Bank Governor Arjuna Mahendran in connection with the Central Bank bond scam
The case has been filed over the alleged misappropriation of bonds causing a loss of over Rs. 10 billion to the government of Sri Lanka in 2015. President Anura Kumara Dissanayake, in the run up to the presidential elections last year, vowed to bring him back to Sri Lanka.
The Central Bank bond scam, which occurred on February 27, 2015. The scam involved the issuance of government bonds by the Central Bank under the leadership of Mr. Mahendran as the governor.
