Srilanka, Feb. 27 -- The Singaporean authorities have cited inability to extradite former Central Bank Governor Arjun Mahendran to Sri Lanka in terms of the legal system of that country, posing a fresh challenge for the government in its attempt to investigate the bond scam which caused a loss of Rs.10 billion in 2015, Daily Mirror learns.

The Sri Lankan Attorney Generals Department sought the extradition of Mr. Mahendran who is implicated in the bond fraud that took place under the Yahapalana government. Mr. Mahendran, a Singaporean of Sri Lankan origin, was appointed Central Bank Governor at that time.

Last year, the Colombo Magistrate's Court noticed him to appear before the court on February 25, 2025 over a case filed by the Briber...