Ajith Nivad Cabraal grilled for 4 long hours ! over illicit hedging deal which entailed many million dollars loss to country

(Lanka-e-News- 31.March.2015, 10.00PM) The former Central bank governor Ajith Nivad Cabraal was grilled  for four long hours by the Colombo financial frauds investigation division located at Kollupitiya in connection with the most controversial and infamous illicit hedging deal agreements (hedging soodhuwa) entered into by the government at that time with international banks and financial  Institutions during the Rajapakse regime , which entailed a loss of many millions of dollars to the country ,owing to  which , the country had to pay these monies through the nose. 

It was Asantha De Mel  , a relative of Rajapakses (as is the case almost always in every racket) an ex cricketer who was the chairman of the Ceylon petroleum corporation (CPC) at the time this hedging deal was signed. It was revealed in court then that this chairman a relative of Rajapakses had not even passed the GCE ordinary  Level examination.

Cabraal who came out after the long interrogation yesterday(30)  ,in keeping with the  characteristic traits of the Rajapakse fraudsters spoke as though his slate was clean and claimed this  was another media display . This hedging deal which bound the government to buy crude oil at a fixed price irrespective of the prices plummeting or rising in the world market necessitated Sri Lanka to buy crude oil at the higher price when the world market oil prices plunged to lowest levels.

Again as is usual with the Rajapakses and their  regime this illegal clandestine  hedging deal was entered into for the most corrupt reasons and none other , which scam included  collection of  illicit commissions orchestrated by the Rajapakse regime and the Central bank of which Cabraal the Rajapakse relative was the governor. It is well to recall and remind that it was Lanka e news always first with the news and best with the views which exposed this traitorous corrupt deal  of the government for  the first time in the same way as it had been exposing the other State scams.

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by     (2015-03-31 17:31:33)