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Sunday, November 27, 2022

Court issues another travel ban on former CBSL governor

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The Fort Magistrate’s Court has issued another foreign travel ban on former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal. 

Fort Magistrate Thilina Gamage had issued the order today after taking into consideration a personal complaint filed by Ven. Thiniyawala Palitha Thero, accusing Mr. Cabraal of misappropriating state funds while serving as the central bank governor. 

The court also issued summons on Ajith Nivard Cabraal to appear before the court on June 07, 2022.

President’s Counsel Wijeyadasa Rajapaksa, appearing on behalf of the complainant, informed the court that during his tenure as the Central Bank governor from 2006 to 2015, Mr. Cabraal had paid a sum of USD 6.5 million to an American national without the Cabinet’s approval and thereby is responsible for criminal breach of trust and criminal abuse of funds. 

After considering the facts presented, the court issued a directive barring the former CBSL governor from leaving the country. 

On April 18, the Colombo Additional Magistrate had also imposed a travel ban on Mr. Cabraal.  

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