Court issues another overseas travel ban on Cabraal

Another overseas travel ban was issued by the court today on the former Governor of the Central Bank of Sri Lanka (CBSL), Ajith Nivard Cabraal.

Fort Magistrate Thilina Gamage issued the order after consideration a complaint filed by the Venerable Thiniyawala Palitha Thero over alleged misappropriation of state funds.

Cabraal has also been ordered to appear before the court on 07 June 2022.

The former Central Bank Governor was accused of paying a sum of USD 6.5 million to an American national without Cabinet approval when he served as Governor from 2006 to 2015.

Earlier, the Colombo Additional Magistrate had also issued an overseas travel ban on Cabraal. (Colombo Gazette)

1 COMMENT

  1. This is stale news in Yahoo, and the USA man of Lebanon origin was sentenced to prison by the IRA of USA, for not paying income tax on the said amount. None of the ministries, Treasury nor the Central bank was aware that US$.6.5 million went missing from the coffers – we are so rich to throw around millions. Put the Government Auditor in the trail and they are efficient to bring out the fraud. They need security, as demanded by the Auditor General. This Government will never protect honest officers of Auditor General’s Department, I am sure. This is just a small sum from the $8 billion that vanished from the reserve.

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