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Please help update this article to reflect recent events or newly available information. ( October 2019 ) Central Bank of Sri Lanka bond scandal which is also referred as CBSL bond scam was a financial laundering scam which happened on 27 February 2015 and caused losses of more than US$ 11 million to the nation. [ 1 ]
In 27 February 2015, newly appointed CBSL governor Arjuna Mahendran advertised the sale of Rs. 1 billion in 30-year government bonds at a coupon of 12.5% [22] Despite several accounts erroneously cite an indicative rate of 9.5%. [23] [24] The sale was oversubscribed with 36 bids of totaling Rs. 20 billion. The majority of bidders, 26, bid for ...
The Central Bank of Sri Lanka (abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...
The big news for 2023 is an 8.7% jump in the Social Security COLA, which is the highest since an 11.2% increase in 1981. The COLA’s steep hike this year is due to the soaring inflation rate ...
US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case By JENNIFER PELTZ Associated Press NEW YORK (AP) — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a bribe conspiracy case that welled up from from his country's “ tuna bond ” scandal and swept into a U.S. court.
Lakshman Arjuna Mahendran is a Sri Lankan-born Singaporean economist and banker. [1] He is a former Governor of the Central Bank of Sri Lanka (CBSL), having been appointed by President Maithripala Sirisena in January 2015 and served until the end of his term on 30 June 2016. [2]
Mozambique’s former finance minister has been sentenced to serve another two-and-a-half years in prison by a U.S. court for his role in the “ tuna bond ” scandal that triggered a financial ...
Attorneys for former President Donald Trump filed official notice Friday they're appealing the $83 million defamation verdict awarded to writer E. Jean Carroll — and that they've posted the $91 ...