Cabraal family’s bank accounts to be probed

Colombo Fort magistrate Lanka Jayaratne last day (04) granted permission to the FCID to investigate more than 12 bank accounts belonging to former Central Bank governor Ajith Nivard Cabraal and his wife and two children, according to ‘Dinamina.’

This is in connection with the granting of money to CWG
Hambantota 2018 company, purportedly ‘to host the 2018 Commonwealth Games.’

Investigations have been held into the spending of Rs. 650 million for campaigning to win the bid to host the CWG 2018, with Australia being the rival bidder.

Bank accounts of a Malaysian national by the name Dato Seri, who was said to have invested Rs. 50 million out of that money, have been investigated and it has been found that the money had been credited to the above accounts, the FCID informed the courts.

Plans had been made and money invested to build a CWG village even before the host was chosen.

The investigation is pursuant to a complaint made to the IGP by ex-CB governor Arjun Mahendran between 21 of July 2015 and 29 of July 2017.

The FCID also said it was looking into to whether investments had been made in government securities and treasury bills during the period Cabraal was the CB governor.