NFF demands for investigation into controversial CBSL bond issue to be entrusted to CID (Watch Video)

NFF demands for investigation into controversial CBSL bond issue to be entrusted to CID (Watch Video)

NFF demands for investigation into controversial CBSL bond issue to be entrusted to CID (Watch Video)

Written by Staff Writer

10 Mar, 2015 | 10:05 pm

The National Freedom Front said that the investigation into the controversy surrounding the latest issue of treasury bonds by the Central Bank, must be entrusted to the Criminal Investigations Department.

According to Deputy Minister of Policy Planning and Economic Affairs, Dr. Harsha de Silva, the committee appointed by the President to investigate the matter, is encouraging and adds, that the Central Bank should protect its integrity.

The controversial bond issue of the Central Bank came to the limelight last week, with accusations of insider trading coming to the fore.

A weekend newspaper reported on Sunday that the son-in-law of Arjuna Mahendran, the Governor of the Central Bank, was privy to information that the Central Bank had decided to accept bids up to RS. 10 billion instead of the initially indicated amount of RS. 1 billion, information that was not communicated to the primary dealers.

However, in an article published on the Sunday Times website on the 6th of March, Arjuna Mahendran was quoted as saying that his son-in-law was no longer a part of the firm Perpetual Treasuries Limited.

On the 9th of October 2013, the Central Bank issued a Press Release, announcing the appointment of Perpetual Treasuries Limited as an authorized primary dealer.

The address listed on this document is No. 10, Alfred House Gardens, Colombo 03.

The single shareholder of Perpetual Treasuries Limited is Perpetual Asset Management Private Limited.

The listed address of the shareholder company, is Level 3, No. 10, Alfred House Gardens, Colombo 03.

News 1st secured a document on Tuesday (March 10th), listing the Directors and Shareholders of a company named Perpetual Capital Private Limited, established on the 18th of February 2015 under the registration number, PV103925.

The Shareholders of this organization are Geoffrey Joseph Aloysius and Arjun Joseph Aloysius.

The address listed is also Level 3, Prince Alfred Tower, Number 10, Alfred House Gardens, Colombo 03.

The latest treasury bond issue has come under scrutiny on the political stage.

President Maithripala Sirisena instructed the Secretary to the President on Monday to appoint a three member committee to investigate the alleged malpractice.

Issuing a statement on Tuesday, the Prime Minister’s Office noted that Gamini Pitipana, Mahesh Kalugampitiya and Chandimal Mendis were appointed to the Committee on Monday by Prime Minister Ranil Wickremesinghe.

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