More controversy encircles CBSL bond issue

More controversy encircles CBSL bond issue

More controversy encircles CBSL bond issue

Written by Tharushan Fernando

08 Nov, 2016 | 7:55 pm

Further details regarding Perpetual Treasuries, which has been linked to the controversial bond issuance, continues to emerge

Over the past weeks there were numerous media reports which highlighted that Perpetual Treasuries, the primary dealer linked to the controversial bond issuance, had been buying up shares of banks and other financial institutes under their name as well as through other companies.

The media reports highlighted two key names, that of Perpetual Treasuries and Perpetual Equities..

The link between Arjun Aloysius, the son in law of former Central Bank governor Arjuna Mahendran, and the companies mentioned above have been revealed.

Arjun Aloysisu, the son in law of former Central Bank governor Arjuna Mahendran served as a  director of Perpetual Equities until  January 16, 2015.

Incidentally on the same day Arjun resigned from his post on the board of directors of Perpetual Treasuries.

Yet another name mentioned on the board of directors of both Perpetual Treasuries and Perpetual Equities is that of Geoffrey Joseph Aloysius, the father of Arjun Aloysius.

Geoffrey Aloysius is also listed as the chairman of Perpetual Treasuries according to their corporate website. Arjun Aloysius resigned from the board of directors of perpetual equities in 2015 and rejoined a few months ago in September this year.

Incidentally,  both Perpetual Equities and Perpetual Treasuries are listed under the same address.


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