Central Bank Governor Arjuna Mahendran informed the Monetary Board that he will not seek an extension until the COPE clears his name, Government Information Department said.

Mahendran was under fire from various quarters regarding the controversial bond issue of February 27, 2015, where he was allegedly involved in insider trading in a manner which favoured a company connected to his son-in-law.

Prime Minister Ranil Wickremesinghe recently promised civil society groups that Mahendran will not seek an extension till the investigations are over.