Overseas travel ban on Ajith Nivard Cabraal extended to 15th December

(LANKAPUVATH | COLOMBO) – The Colombo Magistrate’s Court ordered today (24) to extend the travel ban imposed on former Central Bank Governor Mr. Ajith Nivard Cabraal until December 15th.

The suspect Ajith Nivard Cabraal appeared before the Colombo Magistrate’s Court today when the relevant personal complaint was summoned.

At that time, the lawyers who represented Mr. Cabraal raised preliminary objections stating that it is not possible to continue this case.

Colombo Additional Magistrate Harshana Kekunawala ordered the plaintiff’s lawyer to present written submissions related to the preliminary objections raised by the defense on December 15th.

Former Governor of the Central Bank Ajith Nivard Cabraal has been named as a suspect in a personal complaint filed by the former Southern Province Governor Rajith Keerthi Tennakoon.

Cabraal is alleged of misappropriation of funds while serving as the Governor of the Central Bank of Sri Lanka.

The complaint alleges that during his tenure as the Central Bank governor from July 1, 2006 to January 8, 2015, Mr. Cabraal had paid a sum of USD 6.5 million to Pakistani American political donor Imaad Zuberi without the Cabinet’s approval and thereby is responsible for criminal breach of trust and criminal abuse of funds.

The complaint also alleges that while serving as the Governor of the Central Bank of Sri Lanka, Mr. Cabraal caused a loss of US $ 500 million to the Government of Sri Lanka through sovereign bonds due on January 18, 2022.

The complaint alleges that the Sri Lankan government incurred a loss of Rs. 10.04 billion rupees 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.

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