Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Presidential Commission into bond scam: Perpetual Treasuries Director received sensitive inside information
Wed, Sep 6, 2017, 09:13 pm SL Time, ColomboPage News Desk, Sri Lanka.

Sept 06, Colombo: Former Perpetual Treasuries Limited (PTL) Director Arjun Aloysius had received sensitive inside information related to the Central Bank Treasury bond auction, 'deleted' phone conversations recovered by the Criminal Investigations Department (CID) revealed today at the Presidential Commission of Inquiry Into the Treasury Bonds issue.

The original telephone conversations deleted from the communications system of the company have revealed that Arjun Aloysius had inside, confidential and price sensitive information from a 'friend from powerful places' ahead of February 27, 2015 Treasury bond deal.

These facts have been revealed through telephone conversations that have occurred between Arjun Aloysius and the PTL Chief Executive Officer Kasun Palisena.

The telephone tapes that had been removed from their database were submitted to the Commission by PTL Chief Dealer Nuwan Salgado. He also appeared before the Commission to give his evidence today.

The telephone conversations revealed that Aloysius, the son-in-Iaw of former Central Bank Governor Arjuna Mahendran Arjuna Aloysius received confidential and sensitive information from his "friends in powerful places" about the bids from institutions such as the Employees Provident Fund and the National Savings Bank on the auction and had given that information to its CEO Kasun Palisena.

It was also revealed that Aloysius has received a record of the inquiry conducted by the then COPE committee before the dissolution of parliament in 2015 on the bond issue through a son of former MP Rosie Senanayake, a member of the COPE committee.

Meanwhile, the Presidential Commission has issued a notice to Arjun Aloysius to appear before the Commission to give a statement. However, officials informed that when inquired Aloysius was not in his office or home.

Accordingly, the Presidential Commission ordered the lawyers representing Arjun Aloysius to present him before the Commission to make a statement.

 

ColomboPage - Recent 10 Stories ::
Sri Lanka PM encourages entrepreneurs in North with tax concessions to uplift local economy
-- [10 minutes ago]
Sri Lanka confirms appointment of former Secretary to the President Austin Fernando as envoy to India
-- [1 hour and 14 minutes ago]
Sri Lanka plans to settle Iran oil dues with tea - report
-- [1 hour and 49 minutes ago]
Deputy Minister takes wasting fruits and vegetables to elephants at detention center
-- [9 hours ago]
Two school girls drown in sea in Kalutara
Sri Lanka Railways workers to strike from midnight Sunday
Sri Lankan government confirms two new diplomatic posts
Sri Lanka takes steps to develop adventure tourism
CMC, tri forces launch special project to clean the Beira Lake in Sri Lankan capital
Sri Lanka's first solar panel manufacturing plant with Japanese investment opens in Katunayake

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.