Monday, July 4, 2022

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Travel ban against former CBSL Governor Cabraal further extended

The travel ban imposed to former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal has been extended till June 25 as per the order of the Colombo Magistrate Court today (23).

This was when the private complaint lodged by former Governor of the Southern Province Keerthi Thennakoon was taken up today.

Although Cabraal was summoned to appear in Court today, he did not appear and his lawyer Shavindra Fernando informed the Court that his client would appear in Court on the next hearing date.

Cabraal is accused of;

  • paying off US$ 6.5 million to a US National Zhuberi without the approval of the Cabinet or the Monetary Board of the CBSL during his tenure as the CBSL Chief in the Mahinda Rajapaksa regime;
  • causing a loss of US$ 500 million to the country via sovereign bonds due on January 18 during his tenure as the CBSL Chief in the current regime; and
  • appointing close relatives for positions and causing a loss of Rs. 10.04 billion through treasury bonds and bond issues by releasing confidential information


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