{"id":168229,"date":"2016-09-27T14:56:39","date_gmt":"2016-09-27T09:26:39","guid":{"rendered":"https:\/\/www.colombotelegraph.com\/?p=168229"},"modified":"2016-09-28T12:21:09","modified_gmt":"2016-09-28T06:51:09","slug":"infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam","status":"publish","type":"post","link":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/","title":{"rendered":"Infamous Perpetual Treasuries Makes Over 5 Billion Profit After Bond Scam"},"content":{"rendered":"<p><a href=\"https:\/\/www.colombotelegraph.com\/?s=Perpetual+Treasuries&amp;x=10&amp;y=6\"><span style=\"text-decoration: underline;\">Perpetual Treasuries<\/span><\/a> Limited, which is linked to <a href=\"https:\/\/www.colombotelegraph.com\/?s=Arjun+Aloysius&amp;x=8&amp;y=7\"><span style=\"text-decoration: underline;\">Arjun Aloysius<\/span><\/a>, son-in-law of ex-Central Bank Governor, <a href=\"https:\/\/www.colombotelegraph.com\/?s=Arjuna+Mahendran&amp;x=8&amp;y=7\"><span style=\"text-decoration: underline;\">Arjuna Mahendran<\/span><\/a> has recorded a profit of Rs. 5.1 billion for the year ending March 2016.<\/p>\n<p>The firm has seen a staggering increase in its profits of up to 430 percent in comparison to the previous year.<a href=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Perpetual-Treasuries-Profits-in-201516.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-168214\" src=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Perpetual-Treasuries-Profits-in-201516.jpg\" alt=\"perpetual-treasuries-profits-in-201516\" width=\"639\" height=\"479\" srcset=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Perpetual-Treasuries-Profits-in-201516.jpg 960w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Perpetual-Treasuries-Profits-in-201516-300x225.jpg 300w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Perpetual-Treasuries-Profits-in-201516-800x600.jpg 800w\" sizes=\"auto, (max-width: 639px) 100vw, 639px\" \/><\/a><\/p>\n<p>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.<\/p>\n<p>During, Mahendran\u2019s tenure as Governor, Perpetual Treasuries made the news rounds after being allegedly involved in a Treasury <a href=\"https:\/\/www.colombotelegraph.com\/?s=bond+scam&amp;x=13&amp;y=7\"><span style=\"text-decoration: underline;\">bond scam<\/span><\/a>. Reports claimed that Perpetual Treasuries was issued, directly and indirectly, with Rs. 5 billion worth in bonds at 12.5%.<\/p>\n<p>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.<\/p>\n<p>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&#8217;s tenure as CEO has replaced Aloysius as the new CEO of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":168285,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,2186,1,2375],"tags":[],"class_list":["post-168229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colombotelegraph","category-featured-news","category-news","category-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infamous Perpetual Treasuries Makes Over 5 Billion Profit After Bond Scam - Colombo Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infamous Perpetual Treasuries Makes Over 5 Billion Profit After Bond Scam - Colombo Telegraph\" \/>\n<meta property=\"og:description\" content=\"[&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/\" \/>\n<meta property=\"og:site_name\" content=\"Colombo Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-27T09:26:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-09-28T06:51:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Arjun-Aloysius.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"382\" \/>\n\t<meta property=\"og:image:height\" content=\"302\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"COLOMBO TELEGRAPH\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"COLOMBO TELEGRAPH\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/\",\"url\":\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/\",\"name\":\"Infamous Perpetual Treasuries Makes Over 5 Billion Profit After Bond Scam - Colombo Telegraph\",\"isPartOf\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Arjun-Aloysius.jpg\",\"datePublished\":\"2016-09-27T09:26:39+00:00\",\"dateModified\":\"2016-09-28T06:51:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/9db3d0cfcfa59e1997e3c3524d454cb3\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#primaryimage\",\"url\":\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Arjun-Aloysius.jpg\",\"contentUrl\":\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Arjun-Aloysius.jpg\",\"width\":382,\"height\":302,\"caption\":\"Arjun\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.colombotelegraph.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Infamous Perpetual Treasuries Makes Over 5 Billion Profit After Bond Scam\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.colombotelegraph.com\/#website\",\"url\":\"https:\/\/www.colombotelegraph.com\/\",\"name\":\"Colombo Telegraph\",\"description\":\"In journalism truth is a process\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.colombotelegraph.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/9db3d0cfcfa59e1997e3c3524d454cb3\",\"name\":\"COLOMBO TELEGRAPH\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/920b3181b0bf86b5c339ad9f0963a89f6a8b19c4b971e629987a021ba7a663df?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/920b3181b0bf86b5c339ad9f0963a89f6a8b19c4b971e629987a021ba7a663df?s=96&d=identicon&r=g\",\"caption\":\"COLOMBO TELEGRAPH\"},\"url\":\"https:\/\/www.colombotelegraph.com\/index.php\/author\/colombo_telegraph\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Infamous Perpetual Treasuries Makes Over 5 Billion Profit After Bond Scam - Colombo Telegraph","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/","og_locale":"en_US","og_type":"article","og_title":"Infamous Perpetual Treasuries Makes Over 5 Billion Profit After Bond Scam - Colombo Telegraph","og_description":"[&hellip;]","og_url":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/","og_site_name":"Colombo Telegraph","article_published_time":"2016-09-27T09:26:39+00:00","article_modified_time":"2016-09-28T06:51:09+00:00","og_image":[{"width":382,"height":302,"url":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Arjun-Aloysius.jpg","type":"image\/jpeg"}],"author":"COLOMBO TELEGRAPH","twitter_card":"summary_large_image","twitter_misc":{"Written by":"COLOMBO TELEGRAPH","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/","url":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/","name":"Infamous Perpetual Treasuries Makes Over 5 Billion Profit After Bond Scam - Colombo Telegraph","isPartOf":{"@id":"https:\/\/www.colombotelegraph.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#primaryimage"},"image":{"@id":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#primaryimage"},"thumbnailUrl":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Arjun-Aloysius.jpg","datePublished":"2016-09-27T09:26:39+00:00","dateModified":"2016-09-28T06:51:09+00:00","author":{"@id":"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/9db3d0cfcfa59e1997e3c3524d454cb3"},"breadcrumb":{"@id":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#primaryimage","url":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Arjun-Aloysius.jpg","contentUrl":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Arjun-Aloysius.jpg","width":382,"height":302,"caption":"Arjun"},{"@type":"BreadcrumbList","@id":"https:\/\/www.colombotelegraph.com\/index.php\/infamous-perpetual-treasuries-makes-over-5-billion-profit-after-bond-scam\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.colombotelegraph.com\/"},{"@type":"ListItem","position":2,"name":"Infamous Perpetual Treasuries Makes Over 5 Billion Profit After Bond Scam"}]},{"@type":"WebSite","@id":"https:\/\/www.colombotelegraph.com\/#website","url":"https:\/\/www.colombotelegraph.com\/","name":"Colombo Telegraph","description":"In journalism truth is a process","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.colombotelegraph.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/9db3d0cfcfa59e1997e3c3524d454cb3","name":"COLOMBO TELEGRAPH","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/920b3181b0bf86b5c339ad9f0963a89f6a8b19c4b971e629987a021ba7a663df?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/920b3181b0bf86b5c339ad9f0963a89f6a8b19c4b971e629987a021ba7a663df?s=96&d=identicon&r=g","caption":"COLOMBO TELEGRAPH"},"url":"https:\/\/www.colombotelegraph.com\/index.php\/author\/colombo_telegraph\/"}]}},"jetpack_featured_media_url":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/09\/Arjun-Aloysius.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts\/168229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/comments?post=168229"}],"version-history":[{"count":3,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts\/168229\/revisions"}],"predecessor-version":[{"id":168232,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts\/168229\/revisions\/168232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/media\/168285"}],"wp:attachment":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/media?parent=168229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/categories?post=168229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/tags?post=168229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}