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Sri Lanka Equity Forum » Stock Market Talk » Mahendran acts as advisor to Fin Min: ACF

Mahendran acts as advisor to Fin Min: ACF

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1 Mahendran acts as advisor to Fin Min: ACF on Tue Jan 24, 2017 9:08 am

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics
[size=32]Mahendran acts as advisor to Fin Min: ACF[/size]
2017-01-23 18:14:23
 11
 3205

     


The Anti-Corruption Front (ACF) led by Ven. Ulapone Sumangala Thera wrote to President Maithripala Sirisena today demanding him to prevent former Central Bank governor Arjuna Mahendran from attending meetings at the Finance Ministry.
In its letter, signed by the Thera and the Front’s Advisor Rajith Keerthi Tennakoon, the ACF said that Mr. Mahendran is a regular attendee of the Finance Ministry meetings which are being held every Tuesday and Thursday to advise current Governor Indrajit Coomaraswamy on decisions that should be taken by the Monetary Board.
It said Dr. Coomaraswamy, Treasury Secretary Dr. R. H. S. Samaratunga and Advisor to the National Policies and Economic Affairs Ministry R. Paskaralingam take part in these meetings.
“Mr. Mahendran, who faces serious allegations regarding the controversial Treasury bond scam, currently acts as an advisor to the Ministry of Finance on the Central Bank. When Dr. Coomaraswamy was appointed Governor this meeting was held each Monday and Thursday at 5 pm on July, August and September. The dates later changed to Tuesday and Thursday and the last meeting was held on January 6, 2017 at 11 am. During that meeting, Mahendran advised Coomaraswamy on the decisions that should be taken by the Monetary Board, which is a violation of the Banking Act,” the letter said.
The ACF lauded the President for appointing a Special Presidential Commission of Inquiry to investigate the Central Bank bond issue and recommend actions. It urged the President to show his commitment to good governance by action and not by mere words.
“If Mahendran is still in a position to advise and influence the Monetary Board, the people of Sri Lanka will surely think that the Special Presidential Commission of Inquiry which you will appoint will be another ploy to buy time. Thus we sincerely believe that you would immediately prevent Mahendran from communicating with the Treasury as a coordinator to the Ministry of Finance,” the letter said.

2 Re: Mahendran acts as advisor to Fin Min: ACF on Tue Jan 24, 2017 1:07 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

3 Re: Mahendran acts as advisor to Fin Min: ACF on Tue Jan 24, 2017 4:55 pm

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics
[size=32]Mahendran not an advisor: Finance Ministry[/size]
[size=32]2017-01-24 15:59:42
 3
 512

     


The Finance Ministry today denied reports that former Central Bank governor Arjun Mahendran currently acts as an advisor to the Finance Ministry on the Central bank.

“The ministry of Finance wishes to inform that Mr Arjun Mahendran, the former governor of the Central Bank is not working in any capacity in the Ministry of Finance. The ministry denies the media reports that Mr. Mahendran currently acts as an advisor to the Ministry of Finance on the Central bank,” it said in a statement.

- See more at: http://www.dailymirror.lk/article/Mahendran-not-an-advisor-Finance-Ministry-122651.html#sthash.AXNRJvwu.dpuf[/size]

4 Re: Mahendran acts as advisor to Fin Min: ACF on Tue Jan 24, 2017 9:06 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Again..who is accurate & honest?  Media or administration??

5 Re: Mahendran acts as advisor to Fin Min: ACF on Wed Jan 25, 2017 12:08 am

predictor


Senior Equity Analytic
Senior Equity Analytic
This clearly shows some media guys are working in the payroll of previous regime. They were given a temple trees meals those days and they are still going behind them.
Govt should control this by penalizing media guys who mislead  public. Not just an apology.
Otherwise Govt will loose there valuable time by trying to correct wrong info. 
Late Mr. Iriyagolla once said "Nidahasa kiyanne walbooru nidahasa nove"
Unless and govt control, this will have never ending problems.

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