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Govt. has frozen Rs. 12 bn assets of PTL: PM

18 January 2018 04:30 pm - 11     - {{hitsCtrl.values.hits}}

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Prime Minister Ranil Wickremesinghe, in his address to the nation, said the government had frozen the financial assets worth Rs.12 billion of Perpetual Treasuries Ltd, and therefore the Rs.9.2 billion undue profit made by it in the bond transaction could be recovered from it.

He said the government would take steps to implement recommendations made by the Presidential Commission that investigated the controversial bond transaction of the Central Bank.

The Prime Minister said the Commission, in its report, mentioned that Perpetual Treasuries Ltd made an undue profit of Rs.9.2 billon.

However, he said the Central Bank, remaining under his purview, had frozen financial assets worth Rs. 12 billion belonging to PTL. Therefore, he said Rs.9.2 billion that was lost to the state could be recovered.

“We will recover this amount. Therefore, there is no loss to the state. If there is any official involved in it, we will implement the law against him accordingly,” he said.

He said, “We cooperated fully with the investigation since the allegation against the bond scam surfaced. We will take steps for the implementation of the Commission’s recommendations. We have been able to prove that ours is a policy-oriented, ethical and pious government. No other government has acted in that manner in the recent past. The judiciary took decisions independently. The media worked fearlessly. Also, we have appointed a committee headed by Minister Tilak Marapana to recommend action if there was any member of the party who is found involved in this transaction. This is the tradition of the UNP”.

The Prime Minister said the government was elected to eliminate corruption and frauds in all its manifestations.

He said the allegations of the bond scam came up shortly after the government was formed, but it was not swept under the carpet.

“We appointed an investigative committee within two weeks. During the period, the Central Bank governor at the time stayed away from duties. We appointed a member from the opposition as the COPE chairman,” he said.


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  Comments - 11

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  • bull Thursday, 18 January 2018 08:23 PM

    goodbye UNP. Never think again...enough

    Achcharu Thursday, 18 January 2018 08:23 PM

    Crime should be awarded with Max punishment. Or PM you mean to say if I Carjack your New vehicle and you hold my husband under house arrest Alz Well?

    Mandy Thursday, 18 January 2018 08:29 PM

    Too little too late. What about the interest they earned and other profits made on the secondary market before freezing accounts and which is again in billions. You must get more than just loss of 9.2B but also profits earned till account frozen.

    Karu Thursday, 18 January 2018 08:59 PM

    Ok Sir, but the dirty thing wouldn't have happened if you had checked the bonafides of the people close to you.Certain damages are beyond repair

    GH Thursday, 18 January 2018 10:52 PM

    Before doing so, you should not have been with them as Hand In Glove, the corrupt Arjun Mahendran (your nephew), whose son in law and Ravi Karunanayaka so on.

    VMS Thursday, 18 January 2018 11:35 PM

    Ranil, we all know how honest you are. Sadly those donkeys in the opposition is after you. IT WILL BE NICE IF YOU COULD PROVE YOUR INNOCENSE.

    voter Friday, 19 January 2018 09:47 AM

    How can you use the word "we" coz the rest of the country has lost faith in him as PM and even as the leader of the once great UNP. Maybe a handful of henchmen will still call him Mr. Clean.

    Rajak Friday, 19 January 2018 08:45 AM

    If Ravi could not be sacked from UNP, Ranil could never be the future president.And it will lead the chance to MR factionsreturn.

    AJ Friday, 19 January 2018 09:19 AM

    UNP is more corrupt than the previous government.Ravi should be in Jail.

    voter Friday, 19 January 2018 09:51 AM

    WOW, What a great job. You'll definitely enter into the Guinness Book of Records for this great and patriotic effort. Hahaha.

    pala Friday, 19 January 2018 07:57 PM

    Prime minister of Singapore,will come soon,Ranil may not mention about Mahendran the citizen of Singapore,all citizen committees,uni.students other trade unions should get together and make big voice during his presence in Colombo,to expose this treacherous robbery done with blessing of srilankan government with help of Singaporean citizen


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