The company in an advertisement published in the state owned Sunday Observer said that the total comprehensive (audited) income for the year ended 31st March 2016 was Rs. 5,124,321,124 against Rs. 959,529,416 recorded in 2015. As a primary dealer, appointed by the Central Bank, it is compulsory for Perpetual Treasuries to publish their annual accounts.
During, Mahendran’s tenure as Governor, Perpetual Treasuries made the news rounds after being allegedly involved in a Treasury bond scam. Reports claimed that Perpetual Treasuries was issued, directly and indirectly, with Rs. 5 billion worth in bonds at 12.5%.
The highly controversial Treasury Bond Issuance is currently under investigation by the Parliamentary Committee on Public Enterprises (COPE). The COPE report on the bond scam is scheduled to be presented to Parliament mid-October.
Since the bond scandal, Aloysius is reported to have resigned and no longer plays an active role in the company. Earlier, he headed Perpetual Treasuries as its CEO. As per the company website, Geoffrey J. Aloysius is the Chairman, while Ranjan Hulugalle and Ajahn Punchihewa serve as Non-Executive Independent Directors. Kasun Palisena who was the Chief Dealer during Arjun Aloysius’s tenure as CEO has replaced Aloysius as the new CEO of the company.