New Governor at Central Bank?
There will be a new governor for the Central Bank by the time this
paper goes to press, Deputy Minister for State Enterprise Development
Eran Wickramaratne told the Business Observer when asked about the
stance of the government with regard to the appointment of a new
Wickramaratne said a decision would have been made on the appointment
of a new governor by President Maithripala Sirisena on the advice of the
Finance Minister. “Being a united government it is vital that the
appointment to the institution held in esteem by all be widely accepted.
It goes without saying that the person to head the prestigious
institution in the country should be a person of integrity; ideally an
economist with experience,” he said.
The Committee on Public Enterprises (COPE) had not conducted a proper
investigation on the issue of the former central bank governor.
The COPE investigation was in progress during the former parliament
which was dissolved.
COPE has recommended investigation into the bond transaction of
Perpetual Treasuries and the attendant processes related to the
transaction. Parliament expects a report in this regard within the next
couple of months.
With regard to division in the COPE on this issue he said in any
investigation needs to look at all sides of an argument and as in any
investigation the conclusions do not necessarily have to be unanimous.
The tenure of Arjuna Mahendran ended June 30 leaving many questions
unanswered on the alleged bond transaction involving his son-in-law.