Arjuna mahendran biography of mahatma

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This follows reports that the Singapore authorities had refused the request on the basis that it could not be determined that Mahendran's conduct, if committed in Singapore, would constitute a criminal offence in Singapore according to the evidence presented by Sri Lanka.^[16] In February 2015 CBSL advertised the sale of Rs.

1 billion in 30-year government bonds at a coupon of 12.5%^[17] though several accounts erroneously cite an indicative rate of 9.5%.^[18][19] Mr Mahendran stated that he grew perturbed that officials of The Central bank had advertised the auction for a very Low figure of Rupees one billion worth of government bonds when the government needed over Rupees 13 billion on the date of the auction and Rupees 172 billion in March 2015.^[20] The sale was oversubscribed with 36 bids of totaling Rs.

20 billion.^[18] The majority of bidders, 26, bidded for Rs. 100 million or less at a rate of 9.5%–10.5%.^[18] However, a few bidders, including Perpetual Treasuries Limited, wanted interest rates of 11%–12%.^[18] On 27 February 2015 an official tender board, which did not include Mahendran, accepted Rs.

10 billion in bids at rates of 9.5%–12.5%.^[18] The issuing of ten times the advertised bonds, and at a higher than expected rate, was alleged to cost the Sri Lankan government an additional Rs. 1.6 billion ($10.6 million), though this alleged loss was disputed by the Leader of the House of Parliament.^{[21][22][23][24]} A petition was lodged in the Supreme Court of Sri Lanka contesting the methodology used to allege such a loss.^[25] Perpetual Treasuries was issued, directly and indirectly, with Rs.

5 billion in bonds at 12.5%.^{[26][27][28][29]} Perpetual Treasuries was one of the primary dealers in the sale and is owned by Mahendran's son-in-law Arjun Aloysius.^[19][30][31] The primary dealer had also appointed the sister of the former Central Bank Governor Ajit Nivard Cabraal onto the Board of its holding company.^[32]

This situation became a controversial political issue in Sri Lanka as the newly elected Sri Lankan Government of President Maithreepala Sirisena came to power with a slogan of good governance in the country.

It had been suggested that Mahendran had wanted to take up the entire Rs. 20 billion on offer. The Sunday Leader. The Sunday Times Sri Lanka. 30 December 2017 . 16 January 2018 . Most of the bidders, 26, bid for Rs. 100 million or less at a rate of 9.5%–10.5%. 

However, a few bidders, including Perpetual Treasuries Ltd., wanted interest rates of 11%–12%.

Son of Chithambaranathan and Mohana Chandra (Kumaraswamy) Mahendran. 6 October 2016. 23 April 2015.