Arjun Mahendran talks of the economy of Sri Lanka. Fugitive According to Arjuna Mahendran, a former governor of the Central Bank of Sri Lanka, the Sri Lankan government is having trouble convincing lenders.
When discussing the causes of the current problem in Sri Lanka, Arjuna Mahendran claimed that the newly installed administration drastically reduced taxes, which led to inflationary pressure because the majority of government spending had been financed by the creation of new money.
The first suspect in the investigation into the Central Bank Treasury Bond Scam of 2015 and 2016 is Arjuna Mahendran.
According to sources, he left Sri Lanka for Singapore shortly after the anomalies in the bond transactions of the Central Bank were discovered and investigations from several institutions got underway.
The two INTERPOL Red Notices for the arrest of former Central Bank Governor Arjuna Mahendran, as well as the extradition petitions lodged from Singapore, are still awaiting a response.