Singapore’s Ministry of Foreign Affairs has countered Sri Lanka President Maithripala Sirisena’s recent accusation that Singapore is sheltering the nation’s ex-central bank chief who is wanted in connection with a US$74 million trading scam case.
In a statement on Wednesday , MFA countered Sirisena’s claims and revealed that it has been working with the Sri Lankan authorities on their extradition request of Mahendran since January. The spokesman added that Singapore normally declines to comment on extradition requests due to confidentiality reasons but that it was necessary to clarify on this particular extradition request given Sirisena’s public comments:
In 2015, Mahendran was accused of passing confidential information to his son-in-law, a bond dealer, in order to make millions of dollars in profits. Both Mahendran and his son-in-law have been accused of manipulating bond auctions in 2015 and 2016, thereby causing Sri Lanka to incur over S$11 million in losses.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IndependentSG - 🏆 2. / 72 Read more »
Source: IndependentSG - 🏆 2. / 72 Read more »