A parliamentary panel in Sri Lanka today recommended action against the former Governor of the country's Central Bank for an alleged bond scam at the bank.
Committee on Public Enterprise (COPE) presented its report in parliament this morning and called for measures to recover the loss from those involved.
The report was an embarrassment for Prime Minister Ranil Wickremesinghe who had had-hand picked Mahendran as Governor.
The governor is accused of letting his son-in-law linked primary dealer firm Perpetual Treasuries make massive profits from bonds issued in February 2015 and March 2016.
The COPE chair Sunil Handunneththi said Mahendran had a direct involvement in the scam.
Wickremesinghe' UNP, the dominant party in power, is accused of trying to absolve Mahendran, who was not allowed to continue in the job by President Maithripala Sirisena when his term lapsed in June this year.
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