Former Central Bank Governor Ajith Nivard Cabraal welcomed the withdrawal of a bribery case filed against him over the Central Bank’s controversial investment in Greek sovereign bonds in 2011.
Speaking to the media, Cabraal said he was happy with the court’s decision. “Many tried to exert immense psychological pressure on me with this allegation. But that didn’t affect me. I had faith in the judicial process, and I’m happy the case has been withdrawn,” he said, thanking those who stood by him and his associates.
“While many celebrated these allegations, I knew that we would be cleared,” he added, claiming the withdrawal confirmed there was no evidence against him.
Mr Cabraal himself was silent on media reports in which there was a claim that Mr Cabraal had to make a payment of Rs 1.8 billion by the end of this year.
A source with knowledge of this matter disclosed that legal teams for Mr Cabraal had not agreed to pay any monies towards the amount claimed by the Bribery commissioners.
The former Governor had also made submissions to the CIABOC that there was no mens rea or intention established and additionally that the apex court the Supreme Court had made an order on the same matter much earlier.
Faraz Shauketaly
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