Take action against Perpetual Treasuries: Bandula to Govt.

30 September 2016 09:27 am - 13 - {{hitsCtrl.values.hits}}

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UPFA MP Bandula Gunawardane yesterday questioned the government as to what action it would take in connection with the excessive profit of Rs.5.1 billion recorded by Perpetual Treasuries Limited (PTL) last year by trading Government Bonds.

MP Gunawardane, who said the government was keen to impose the Super Gains Tax to collect an income of Rs.50 billion from well to do business entities, should not hesitate to look into the excessive profits of Perpetual Treasuries Limited.

He said the government was deliberately preventing action being taken against the former CB governor and others who are involved in the scam.

“It was the UPFA Minister Mahinda Amaraweera who told the Bribery Commission of the former governor's connection to the scam. Still, no action had been taken against him or anyone else involved with the company,” he told the Daily Mirror.

Prime Minister Ranil Wickremesinghe, before the announcement of the General Election, said a Parliament Select Committee (PSC) would be appointed to look into the incident regardless of the political party that went on to win the election.

“Regardless of the COPE probe into the issue, we request the Premier to keep his promise and appoint a PSC with the involvement of joint opposition MPs to probe the scam thoroughly,” he said.

The MP said Mr. Mahendran was not re-appointed because of the objection posed by President Sirisena.

However, he has since been given a more prominent role in the government’s plan to create 10 million employment opportunities. “This is an even bigger role than the post of CB Governor,” he said.

In February last year, the Central Bank (CB) called for bids to raise Rs.1 billion but instead accepted Rs.10 billion at a higher rate and Perpetual Treasuries Limited, in which former Central Bank Governor Arjuna Mahendran’s son-in-law Arjun Aloysius worked, purchased a large part of the shares.

The profit earned by the company last year, Rs.5.1. billion, was a remarkable increase in profits compared to the Rs.959.5 million it earned the year before. (Lahiru Pothmulla)

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Comments - 13

Daily Boru Friday, 30 September 2016 10:44 AM

you initiate action why wait for others. And also take action against the Hedging deal and and also against central bank investment in Greece. Thanks

BR Friday, 30 September 2016 11:07 AM

Duplicate Gammanpila speaks.

German Jacob Friday, 30 September 2016 11:13 AM

Bandu how about your bosses and their children your J/O thugs who made in billions out of public money.

Bubble Banda Friday, 30 September 2016 11:17 AM

Hope now you don't have work other than fiddling others backs. ha...ha...ha... Anney Bandu.

Ramsay Friday, 30 September 2016 11:17 AM

Since the Yahapalana is part of the deal how to take action?

Greatest finance man Friday, 30 September 2016 11:32 AM

mr.bandula what you know about finance. The co made a profit and the govt tp recover the TAXes on it. By the way your tution fee are exorbitaent and how much of it declared as profit and paid taxes to state?

Mason Friday, 30 September 2016 12:00 PM

This will be for the next government, if the UNP/SLFP coalition were to get dished.

Dee Friday, 30 September 2016 12:43 PM

Now feeling a bit cornered noh? Not even public support.

Maya Friday, 30 September 2016 01:34 PM

Had he switched the side knowing the obvious, he could have been a minister. M...mmmm, wasting time... ! Will he arrive on the shore any sooner?

Mevan Friday, 30 September 2016 02:09 PM

Before that take action against money laundering companies of Namal.

Aney Paney Friday, 30 September 2016 02:10 PM

Yes jobs only at Siri Kotha. Vacsncies for bloggers paid with perpetual commission.

Patta Friday, 30 September 2016 02:36 PM

When he said Rs 2.500.00 per month is all that is required for a family to live, he showed what his knowledge is. Give him Rs 2,500 and ask him to shut up.

Jaya Friday, 30 September 2016 06:22 PM

If Rajapakshe Regime did corruption or misused the powers, they must be punished. If Yahapalanaya follow the same path, they must be free and encouraged. because we are typical colour blind Sri lankans.

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Take action against Perpetual Treasuries: Bandula to Govt.

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