The former Governor of the Central Bank of Sri Lanka (CBSL), Nivard Ajith Leslie Cabral, along with four other high-profile individuals, is facing legal action following an investigation by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC). The case has been brought before the Colombo High Court.
This case stems from a controversial investment made by the CBSL in 2012 during the height of Greece’s economic crisis. The investment in Greek treasury bills resulted in a staggering loss of Rs. 1,843,267,595.00 for Sri Lanka.
This decision, which has been under intense scrutiny for over a decade, raised concerns about potential mismanagement and corruption within the CBSL.
CIABOC’s thorough investigation has uncovered alarming evidence of irregularities in the decision-making process, leading to the initiation of legal proceedings.
Nivard Cabral, who served as the CBSL Governor at the time, along with the other accused, will now face charges related to their involvement in the investment.
The Colombo High Court will now hear the case, which has garnered widespread public interest due to the significant financial implications for the country.
As the legal process unfolds, this case is expected to highlight crucial issues surrounding financial governance and accountability within Sri Lanka’s public institutions.
