CBSL hits back at former deputy over governance

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Arjuna Mahendran

The Central Bank of Sri Lanka (CBSL) yesterday hit back at a former deputy who claimed the decision to delegate the governor's responsibilities to a deputy had no legal basis, calling the claim "grossly incorrect".

The CBSL's monetary board put P Samarasiri, a deputy governor, in charge of the bank last week, after an investigation into potential wrongdoing in a February bond auction prompted governor Arjuna Mahendran to take a period of leave.

The probe was launched after the central bank raise

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