Bond probe commission:
Action recommended against Mahendran, Aloysius, Ravi, et al
Evidence has established PM didn’t ask AR to stop direct placements immediately
January 18, 2018, 12:22 pm
The presidential commission of inquiry which probed Treasury bond scams has determined that the then CBSL Governor Arjuna Mahendran provided 'inside information' to Perpetual Treasuries Limited (PTL) owned by his son-in-law Arjuna Aloysius and acted in collusion with that company.
The commission has recommended the Attorney General and other authorities consider whether PTL has used, gained and benefitted from 'inside information' at the Feb 27, 2015 bond auction and, if so, whether he should be prosecuted and twice the value of aforesaid sum of Rs 688,762,100 recovered from the PTL by way of fine in the event of a conviction.
