The charges stem from the controversial 2012 purchase of Greek Treasury Bonds, which allegedly resulted in a loss exceeding Rs. 1.84 billion to the Sri Lankan government at a time when Greece was known to be in a severe economic crisis.
The fresh legal action was initiated under Section 67 (5) of the Anti-Corruption Act. This move follows Mr. Cabraal's failure to adhere to a previous court-mandated settlement condition, which required him to deposit a sum of Rs. 100 million within a three-month grace period.
The Bribery Commission had previously moved to withdraw the initial case on the specific condition that the Rs. 100 million deposit be made. However, because the former Governor failed to meet this financial obligation within the stipulated timeframe, the Commission has exercised its authority to reinstate formal legal proceedings before the High Court.
