The Committee on Public Enterprises (COPE) last week said that the Parliament would be the ultimate decision-making body with regard to the fate of Central Bank during the tenure of Arjuna Mahendran as its Governor.

The COPE is presently awaiting the report of the Auditor General’s Department which had launched investigations into the financial dealings of the Central Bank, including the issuance of bonds in the years 2015 and 2016.

Mahendran yesterday informed the Monetary Board that he would not seek a  re-appointment in the post again, until the COPE reveals its findings to the Parliament and the country.

Chairman of the COPE and JVP MP Sunil Handunnetti said that the COPE was not authorized to make decisions on his reappointment as the Governor.

Mahendran’s term in office ends on June 30.   “COPE will table the CBSL report as well as over 20 reports on other public enterprises, once they are ready. It is the duty of the Parliament to make decision,” he added.