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