Attorney-General of Sri Lanka, Dappula de Livera said on September 2 that Sri Lanka will appeal extrition of an ex-central bank chief and ecomist Lakshman Arjuna Mahendran anytime soon in relation to a US $74 million tring fraud. Colombo has accused Singapore of defending and shielding him. Arjuna Mahendran is a Singaporean-Sri Lankan ecomist, accused in 2015 for passing confidential information and data to his share-partner son-in-law for making millions of illicit profits. attorney general's spokesperson Nishara Jayaratne said documents containing around 21000 ps were submitted to Ministry of Foreign Affairs and Ministry of Defence on Monday to be presented formally to proper authorities with Singapore.

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Mahendran accused of manipulating bond auctions

She said Mahendran h been charged with a crime in June for causing immense losses of around USD 11 million to state. He and his bond-dealer son-in-law are allegedly accused of tricking and cheating bond auctions in 2015 and 2016. Last year in February, he escaped and fled abro. He failed to be present at court for a hearing to respond to charges levied on him. He was also termed as a key suspect in million-dollar scam. A former presidential report researched and gained facts about scandal and accused Mahendran of insider tring and asked state to recover its losses from duo trers. Central Bank of Sri Lanka has launched a forensic audit to deduce facts wher re was any furr insider tring during Mahendran's term between January 2015 and June 2016.

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Sri Lanka and Singapore's Counter Statements

Arjuna is believed to be residing in Singapore. In March, Sri Lankan President Maithripala Sirisena has accused Singaporean Prime Minister Lee Hsien Loong of sheltering him. Meanwhile, on or hand, Singapore held on extrition process saying that extrition requested by Colombo is deficient. Sri Lanka's Chief Prosecutor countering Singapore's statements said that authorities h completed legal requirements with all required documents needed to file an extrition request with Singapore. allegations deepened tensions between President Sirisena and his coalition partner Prime Minister Ranil Wickremesinghe who chose Mahendran to he Central Bank.

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(With inputs from PTI)