Chief Executive Officer of Perpetual Treasuries Limited Kasun Palisena has written to all Parliamentarians denying that the Company’s involved in Treasury Bonds did not cause any losses to any state entities. He further claims that in fact the sale of Treasury Bonds to the Employees Provident Fund (EPF), Sri Lanka Insurance Corporation (SLIC) and National Savings Bank (NSB) these state-owned entities made returns in excess of Rs 25 billion (US$ 164 million).
Palisena further states in the letter copied to the President, Central Bank Governor, IMF (Sri Lanka), World Bank (Sri Lanka), ADB (Sri Lanka) and Transparency International (Sri Lanka( that ‘any person from the Central Bank or the relevant State entities’ would verify this claim.
This letter has been released after the Fort Magistrate named former Central Bank Governor Arjun Mahendran, his son-in-law Arjun Aloysius as Kasun Palisena as suspects in the Bond case. Mahendran was asked to report to CID before February 15, 2018.
Meanwhile, the Colombo High Court extended the the freeze imposed on all bank accounts of the Perpetual Group associated with Arjun Aloysius by one month.
This determination was a response to an application made by the Attorney General on behalf of the CID, Accordingly, bank accounts of 24 companies in the Perpetual Group will remain frozen.
Earlier, on January 24, the Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka (CBSL) had issued a directive that none of the 24 companies within the group can carry out financial business of any sort using the funds in their bank accounts.