23 October, 2017

Bond Scam: Arjun Aloysius Refuses To Share Account Details Of His iPhone

Arjun Aloysius, the son in law of ex-Governor of Central Bank has refused to share details of his iPhone with the CID.

Arjun

Early this week, Aloysius was ordered to hand over all his electronic devises, including mobile phones and laptops used during 2015 and 2016 to the CID by the Presidential Commission of Inquiry (PCoI) which is investigating the Central Bank Treasury bond scam. But Aloysius through his lawyers handed over a mobile phone which he has only been using for the past few months. He had also claimed that his previous iPhone had broken while he was overseas, and hence he had no way of handing over this particular device which he used in 2015, during the period when the bond scam took place.

Subsequently, he was requested to provide the username and the password of his iPhone, so the officers can track the logs, and other details through the Apple iPhone account, however Aloysius had reportedly refused. The commissioner of Inquiry is expected to issue a formal order to Aloysius to provide the username and password details of his Apple iPhone account.

The order by the commission to Aloysius to hand over his electronic devices used in 2015 and 2016 was issued after a witness told the commission that Aloysius had paid the rent for the penthouse at the luxurious Monarch residencies for ex-Finance Minister Ravi Karunanayake and his family to stay.

Mid this month, Pan Asia Bank (PABC), Deputy General Manager R. A. B. Dias claimed that Aloysius, had asked him “to conceal vital information” when testifying before the Presidential Commission of Inquiry.

According to the Auditor General, Sri Lanka lost Rs. 1.6 billion due to the Treasury bond scam at the Central Bank which occurred during the term of Mahendran. A 55 page report by COPE in October found Mahendran guilty as he was directly responsible for the Treasury Bond transactions at Central Bank in 2015 and 2016. The scam resulted in the country losing Rs. 1.6 billion, while primary dealer of Central Bank, Perpetual Treasuries Limited, which is directly linked to Aloysius, recorded a profit of Rs. 5.1 billion for the year that ended in March 2016, an increase of 430% in profits in comparison to the previous year at the company.

Print Friendly, PDF & Email

Latest comments

  • 14
    3

    Oh this is becoming a dam farce!
    Why is Cabraal and ex Finance Minister Rajapakaya not questioned by the CID for Bond transactions hedging,during the period 2005-2015

    • 2
      0

      Indeed this a farce. Corrupt SLFP & UNP leaders consider citizens of SL to be stupid idiots. Who can blame them? In which Banana Republic does law enforcement agencies request world-class thieves to surrender their digital devices? While being investigated for a 1.6 billion Central Bank robbery? Where is that Drama Queen IGP? He cannot assemble a STF team to raid the Aloysius household? What slimy crooks!

  • 8
    2

    Who ever they may be they should face the Law of the country , this crook as we read on CT are correct HIS SMILE ON HIS FACE SHOULD BE WIPED OFF FOR GOOD.
    CROOKS ARE CROOKS , FROM THE DAY HE COLLUDED WITH HIS F in Law in the bond scam his name had been tarnished ,tarnished for good or not need to be proven by court.
    He should produce all the evidence to prove his innocence otherwise he should face the prison sentence when proven guilty in our APe Aanduwe Law n Order,
    Who is protecting whom ??
    Is he well protected by the BIG SHARKS OF THE PAST N PRESENT REGIME???
    But he should be aware !! He can also be a SCAPE GOAT AS A DISCARDED WASTE BY THE BIG SHARKS.
    HE SHOULD BE AWARE THAT THIS WOULD BE THE RESULTS ” WHEN DANCING WITH DEVILS”

    Mighty God And his verdicts are always there above all!!!

  • 7
    1

    What good are comments?! What good are these “Presidential Commissions” to inquire into wrong doings? How much more of the national coffers are wasted for these ‘eye-washing’ exercises? In China, these rogues would have their assets confiscated and shot. This country has been plundered repeatedly by politicians and their friends. I see no way for this to change. However, there will be a day of judgment and recompense.

  • 11
    2

    Nothing but drama, this guy will go free. As Gnanasaraya went free.namal free, gota free.
    No justice no peace.

    Jails are only for small timers.

  • 10
    0

    Oh dear oh dear at this rate this gang will supersede the previous gang.

  • 10
    2

    What more proof does one need to have for the commission to order the police to arrest this man and produce him in front of a magistrate to be remanded? He is a dangerous accused and he cannot be allowed to be free to tamper with evidence and threaten witnesses.

  • 10
    0

    Telco companies can retrieve the tel nos called even without the SIM as long as they know the number of Aloysius.

    These are delaying tactics and now a matter of time if the Police and the Attorney General have the will to file charges against all involved.

    Interestingly I have not seen Bank of CEYLON board of directors or management being called up to give evidence since they gave a blank cheque to Perpetual to buy the bonds.

    Also many businessmen in Colombo benefited from bond trading with inside knowledge and they are yet to be called up as well.

  • 4
    0

    Of course valuable time can be gained by the refusal.
    Lankans are being allowed a peek into how big money operate. This happens all over the world. One time prosperous Nigeria is crawling because of big money plunder.
    Nawaz Sharif lost his job last night but thanks to democratic election, he will be back.

  • 3
    1

    Remember how went looking for where Mahinda Rajapakse was hiding his loot. They first publish it. So, the thief can hide it. I say both Maithripala and Ranil are part of it. Target is Mahinda Rajapakse.

  • 3
    1

    what is this nonsense? Are the courts and commissions appointed by the President a joke and no teeth. These villains have no respect to these investigating bodies as if the villains are the kings and investigators are slaves. basically they are even behaving disrespectfully to the president that appointed these bodies, as the villains are calling the shots, telling them when they could attend or not attend, what information they give or not give. This is a farce; if they do not attend on the appointed date they should be arrested without any hesitation and anyone not cooperating with evidence or deliberately obstructing by withholding information or of the fact, they should be thrown in the jail as proven guilty.

  • 1
    1

    OK fine. The Central Bank has got their capital investment, right. So keep that capital, do not return it to Perpetual, keep it in the bank perpetually and stop paying them the interest that was gained through fraudulent means. That will teach this basket a lesson!

    • 0
      0

      The bonds are freely traded in the secondary market, and the primary dealer (purchaser) has already made his profit. The Central Bank will have allocated the money paid for the bond t a general account to fund government expenses, so it’s all done and dusted, Thrishu!

      Criminal prosecution can of course take place, should the evidence be deemed sufficient.

  • 0
    0

    Things are looking interesting and seemingly, alosyas seem to go deep into it – there are more people behind this game.

    There is no point comparing this to what MR did, nor would this make either less important. Also, it’s interesting to see whatever the case is most commenters go to MR. If he has done bad deeds the onus is on the current government to bring him to book or govt is bad governance or – allegations are not true. It has to be one of the 3.

    But at least till three investigations are underway big R needs to be suspended. Because it doesn’t augur well for Sri Lanka to have such a FM. We will lose credibility.

  • 3
    0

    FCID is not a legally established. They know it. IF it is legal, if everything is legal, then PY3, Ranil, Ravi karunanayake, Malik all had gone by now. So, it is a game untuil the election. In a little later all forgotten.. See Basil saying our fraud is not that big.

  • 0
    2

    FCID is legally established. so we should arrest Sampanthan for taking money from LTTE. I heard he takes from tobaco farmers

  • 3
    0

    Contact Israeli technology, communication and cyber security firm Cellebrite. They can hack into and retrieve any IPAD Apple or Anderoid phone or recover data or hidden information from many communication devices including military. Their clients include the world’s top notch law enforcement agencies, FBI, DIA and even INTERPOL.

Leave A Comment

Comments should not exceed 300 words. Embedding external links and writing in capital letters are discouraged. Commenting is automatically shut off on articles after 10 days and approval may take up to 24 hours. Please read our Comments Policy for further details. Your email address will not be published.