Why dealmaker Jehan Amartunga was reappointed to People’s Bank Board

Sunday, 22 March 2015 

Jehan Amaratunga current owner of MTD Walkers owed millions to banks was in the CRIB just over 10 years ago and got away largely claiming he was MP John Amaratunge’s brother. He told everyone this to get the required openings. Not to be outdone to the rest of his school business buddies he took many risks and it worked. Now he owns investments and assets worth millions. How did he do it in such a short time?

Jehan got close to then Finance Minister Amunugame and became Dr Sarath Amunugame’s front and did many deals with the Malaysians on behalf of Dr Amaunugame and family. Then he got greedy and looked at bigger things.

He was introduced to Gamini Senerath and helped Senerath to front his deals minting millions and millions in the process. He was allegedly the main collector for Gamini Senerath for the last five years. Senerath rewarded him by appointing him to the People’s Bank Board and making him Chairman of People’s Insurance Co Ltd. He was a frequent visitor to Temple Trees and a big benefactor to Carlton Club. Therefore, many people were surprised when he got reappointed to People’s Bank Board.

Good Governance Activist