While categorically rejecting the recent media reports that Rs. 2,700 billion has been “misappropriated” in the years 2012, 2013 and 2014 through private Treasury Bond auctions, former Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal says that it defies all logic and common sense to claim that the entirety of the Treasury Bond issues made by the Government from 2012 to 2014, are to be construed as “losses”, on the erroneous assumption of Prime Minister Ranil Wickremesinghe that a part of such issues have been through “private placements”.
Full statement reproduced below:
At the outset, I wish to a state that I have held the office of the Governor of the Central Bank for a period of around 3100 days, and during that period, Sri Lanka’s GDP which was just over USD 24 billion in 2005, had been carefully nurtured to grow to a robust USD 75 billion by 2014, with the per capita income rising to about USD 3,700. Further, every macro-economic fundamental of our country had been improved significantly. Unfortunately, because of this unprecedented transformation, there have been some politically motivated persons who have been adversely affected. Therefore some of them have been on a hate-driven, revengeful attack against me, in order to tarnish my reputation, and it is clear that these hurtful attacks are now escalating, in view of the present Governor’s conduct coming under close scrutiny.
One such recent attack is the shockingly false statement as reported in various media, that Rs. 2,700 billion has been “misappropriated” in the years 2012, 2013 and 2014 through private Treasury Bond auctions which have allegedly been conducted by Tender Boards chaired by me. It is also claimed that I have authorized these “illegal” transactions, for the benefit of various “cronies”.