Sri Lanka opposition demands anti-graft probe against PM

Sri Lanka's former strongman leader Mahinda Rajapaksa, leaves a magistrate court. Photograph:( AFP )

PTI Colombo, Western Province, Sri Lanka Oct 31, 2016, 12.57 PM (IST)

Opposition backers of former Sri Lanka president Mahinda Rajapaksa today demanded a probe against Prime Minister Ranil Wickremesinghe over the central bank's controversial bond issues.

Chief of Central Bank of Sri Lanka Arjuna Mahendran, appointed by Wickremesinghe, was found at fault by parliament last week.

The report said that Mahendran was responsible for the profits made by the bank's primary dealer Perpetual Treasuries in two bond issues in February 2015 and March 2016.

The firm with links to Mahendran's son-in-law had benefited from his position, allegations stated.

The opposition legislators called for investigations against both the prime minister and Mahendran.

The former central bank chief's contract was not renewed by President Maithripala Sirisena owing to the controversy surrounding the bond issues.

(WION with inputs from PTI)