A person like him should not be appointed again to govern the country’s finances, he stresses.

Meanwhile, JHU general secretary, minister Patali Champika Ranawaka says the president is ready to listen to the objections raised by various organizations against extending Mahendran’s term.

The government has allowed any organization or individual to stage protests and air ideas freely, and will consider such opinions, says the minister.

CB sources say functions of the bank will come to a standstill if no successor is appointed by the president to Mahendran, pending the completion of the COPE investigation against him.

At the June 24 CB finance board meeting, the governor attempted to get a junior deputy governor involved in the bond issues appointed to the position in an acting capacity.

That created disagreements, and the attempt ended in failure.

In order for the smooth functioning of the CB, the president should appoint a new governor for the next six year period starting on July 01.