"Former Central Bank Governor Ajith Nivard Cabraal said he would like to offer a professional assessment to the Bond Commission on the total loss suffered by the government and the country as a result of the bond scam "
Mr Cabrall should know that the London Commercial High Court has ordered CPC to pay US$ 161 million for nonpayment of dues to Standard Chartered Bank
Average Forex Rate in 2011
1 USD = 110 LKR
Total Loss in LKR = 161 X 110 = 17,710 Million or 17.71 Billion
Mr Cabrall should know that the London Commercial High Court has ordered CPC to pay US$ 161 million for nonpayment of dues to Standard Chartered Bank
Average Forex Rate in 2011
1 USD = 110 LKR
Total Loss in LKR = 161 X 110 = 17,710 Million or 17.71 Billion
yes we lost huge amount of money due to negligence. Lawyers did not read out the agreement properly. they are paid to do the task .. there was only one month of fuel we get at agreed price when it went up but when it came down we still had to buy it at that price that is totally ok cause that is hedging. but the problem was there was no time frame for downward payments that costs us
