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The Committee on Public Enterprises (COPE) on Friday (28) presented the report to Parliament regarding the issuing of Treasury bonds by the Central Bank of Sri Lanka (CBSL) during the tenure of its former governor, Arjuna Mahendran.

The report had said that Mahendran was directly responsible and recommended legal action against the former governor.

Mahendran, who left for Singapore last week and his son-in-law, owner and director of primary dealer Perpetual Treasuries Private Limited, Arjun Aloysius are according to sources within COPE, guilty of a fraud that is calculated to have caused losses to the government in the range of billions of rupees.