Son-in-law’s company still vibrant in CB
March 15, 2017
The turmoil created in the society by the fraudulent bond issues when Arjun Mahendran was the governor of Central Bank of Sri Lanka still remains while it has been established that Mahendran has acted in a manner that was advantageous for dealings with Perpetual Treasuries, a primary dealer company owned by his son-in-law Aloysius Mahendran.
It could be seen that the profits of Perpetual Treasuries Ltd. Owned by Aloysius Mahendran had increased that month by 500% when compared with that of the previous month.
Also, internal audit reports have confirmed that Arjun Mahendran had given Rs. 31,000 million from Central Bank funds to Aloysius Mahendran to buy bonds.
However, there is evidence present that, despite organizations against corruption in the country have demanded the administrative council including the Governor of Central Bank to remove Perpetual Treasuries Ltd. from the list of primary dealers, the corrupt company has not been removed from the list.
An advertisement published by the Central Bank of Sri Lanka indicates that Perpetual Treasuries has been included in an auction issuing bonds valued at Rs. 25000 million to be held on 15th March, 2017.
However, there is evidence present that, despite organizations against corruption in the country have demanded the administrative council including the Governor of Central Bank to remove Perpetual Treasuries Ltd. from the list of primary dealers, the corrupt company has not been removed from the list.
An advertisement published by the Central Bank of Sri Lanka indicates that Perpetual Treasuries has been included in an auction issuing bonds valued at Rs. 25000 million to be held on 15th March, 2017.
