![]() Sri Lanka is facing its worst economic crisis since gaining independence from the UK in 1948. In September 2021, he replaced WD Lakshman to take over for his second term as Central Bank governor.Ĭabraal left office at a time when inflation in Sri Lanka was at an all-time high. The order was issued in relation to a case filed by a public interest activist Keerthi Tennakoon over Cabraal’s alleged “misdeeds” when he was the Central Bank governor in his first tenure between 20.Ĭabraal, who had resisted calls for an International Monetary Fund (IMF) bailout, resigned on April 3, less than seven months after being appointed. The court has extended a travel ban on Cabraal, 67, and has also ordered him to appear in court again on May 2, the Colombo Gazette news portal reported. On April 7, the Colombo Magistrate’s court barred Cabraal from travelling out. Colombo: A local court here on Monday extended a travel ban on Ajith Nivard Cabraal, former governor of the Central Bank of Sri Lanka, from travelling abroad as mounting economic woes roil the island nation.
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