CB has given Rs. 66 bn to Perpetual Treasuries: Minister

27 October 2016 08:46 pm - 39     - {{hitsCtrl.values.hits}}

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COPE member and Sports Minister Dayasiri Jayasekara said the Central Bank had given Rs. 66 billion to the primary dealer Perpetual Treasuries between February 2015 to March 2016 and added there was a prima facie case against former Central Bank Governor Arjuna Mahendran in respect of his tenure as the governor.

Minister Jayasekara also said the information before the Parliamentary oversight committee COPE reveals that the Perpetual Treasuries has obtained these loans without any security and invested them in bonds.

Addressing the weekly SLFP news conference, Minister Jayasekara said however, after an inquiry conducted under the new governor on the issue, the Perpetual Treasuries have been fined for a ridiculous Rs.21 million for the improper transaction.

Minister Jayasekara said it was extremely unusual and disproportionate that the Perpetual Properties alone had recorded a profit of 1853% from bond dealing while all other 15 primary dealers had earned only 37% of profits in 2015 and 2016 and added former governor Mahendran should not have accepted the governor’s post in the first place when he was offered it while his son in law was a primary dealer or at least he should have asked his son in law not to act as a primary dealer while he was serving as the governor.

He said there must be a strong fool proof mechanism to deal with this kind of financial misappropriations involving the public money and the government must direct its attention on priority basis to bring legislations if the current laws were inadequate to deal with major financial crimes. (Sandun A Jayasekera)

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  Comments - 39

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  • hiranyou Friday, 28 October 2016 01:26 PM

    are you challenged?the Central bank is under the PM not the FM so how can you even say this?

    Bawa Friday, 28 October 2016 05:49 AM

    You are comparing 12bn USD to 66bn LKR

    Jude Friday, 28 October 2016 06:14 AM

    Well, you can say !! Bond issue going to be the beginning of the end of "Yahapalanya" !!!???

    Jagath Leanage Friday, 28 October 2016 06:27 AM

    Now we clearly know what has happened . According to dayasiri previous governors too has done similar things. So this government should inquire them as well . But should not drag them .

    Anja Friday, 28 October 2016 06:33 AM

    We actually believed that was not the actor but brain. via DM Android App

    Yahapalaka Friday, 28 October 2016 06:37 AM

    I think we are seeing only tip of the iceberg.

    dev Friday, 28 October 2016 06:57 AM

    Dislikes Must be from those who work for Perpetual Treasuries

    Udara Friday, 28 October 2016 02:32 PM

    What security you want ??As long as uncle can trust son in law and vise versa and PM trusts both of them there is no need to have any security bond.

    Eran Gallage Friday, 28 October 2016 07:19 AM

    Can not this deal be annulled. ??? Make a call to revert back to the original status quo and reissue the bonds and freeze the accounts of Perpetual Treasuries and do something to get the money back...

    pradeep Friday, 28 October 2016 02:38 PM

    you all are mistaken. 65bn is the bond value. we have to the loss due to high interest rate

    ET Friday, 28 October 2016 07:54 AM

    Good now the COPE report will reveal all. Now while taking action on this is vital. Also investigate how bonds were handled during Cabrals time. Check that out too...

    Gayan Perera Friday, 28 October 2016 08:19 AM

    MR stole 12bn US dollars you fool ... that is 12 x 130 = 1560 billion Rupees (but still, 66 bn LKR is a lot of money)

    MP Friday, 28 October 2016 08:21 AM

    How nice? The people of this country are always ready to bear any loss caused to the country by political rogues and pay VAT, and NBT as much as possible, until they leave this country full of corruption!

    MP Friday, 28 October 2016 08:27 AM

    Ideal suggestion!

    Ajantha Friday, 28 October 2016 08:48 AM

    Very well said Sir. You are very honorable politician and please ensure these criminals are rounded up

    Aruna Friday, 28 October 2016 09:20 AM

    Use your heads guys 66B is not what was stolen. 66B is the total bond value, Perpetual Treasuries would have stolen a small percentage of this value. I am not saying it's right but get the story right.

    Sharon Friday, 28 October 2016 09:31 AM

    Or can the party with real rogues be identified now?

    Sharon Friday, 28 October 2016 09:32 AM

    What will you say if this was leveled against a JO member???

    malli Friday, 28 October 2016 09:36 AM

    Media briefing of SLFP Dayasiri commenting is a joke.

    chandra Friday, 28 October 2016 09:47 AM

    Then why did you all vote for VAT bill It is to coverup those losses. via DM Android App

    SUMUDU Friday, 28 October 2016 10:25 AM

    WHO REVEALED THIS DEAL SIR? IF NO JVP..YOU GUYS ARE IN DARK. WHY DONT YOU GIVE REGARDS TO JVP FOR REVEALING THIS?

    kan Friday, 28 October 2016 10:32 AM

    Main question is why a non-Sri Lankan was given such an important job, whose decision was it? Who authorized it? Now he has fled the country and no one could stop him from going at the airport. Those responsible for giving him the job should cough out the losses and pay back to the treasuries.

    Aruna Friday, 28 October 2016 10:37 AM

    Just wondering about the slogan "Ali Baba MR and 40 Thieves put the country down" and tax burden is imperative.

    Aruna Friday, 28 October 2016 10:50 AM

    The loss is not over. It is perpetual losses, we accumulate every single day, happy shouldering the tax burden and, 7% GDP from Jan 2015 to current below 4% GDP and further going down and, down unto the hell! Just wondering about the slogan being chanted by Yahapalu clan "Mahinda Hora, Hora, Hora, Hora......"

    sarath Friday, 28 October 2016 11:08 AM

    Some thing is very wrong here. I am sure Arjuna is working for some big country and family that control central banks all over the world. if something happned to Arujuna Ranil will be punished by SAM

    CB Friday, 28 October 2016 11:12 AM

    How much the CB got to pay their dues.Any economist aroun??

    shanthapriya Friday, 28 October 2016 11:22 AM

    because of mahendran and ravi mr ranil w will have to wait another 17 years to come back to power

    fools in parl. Friday, 28 October 2016 11:23 AM

    The total out standing by the govt. is Rs.66billion which may be correct. What ypu pay PT is what you get less the service charges. If the Rs. 66 billion is the net out stading of the government or the balance of payment deficit.

    Katie Friday, 28 October 2016 11:25 AM

    THE RULE SHOULD BE APPLIED FOR ALL EQUALLY BE IT RICH, MIDDLE CLASS OR POOR. MAHENDRA SHOULD BE TAKEN TO TASK AND NOT BE SHIELDED BY THE PM

    maya Friday, 28 October 2016 11:43 AM

    People who even suggest that Mahinda stole USD$12billion are fools, have no idea what they are talking about. Bill Gates owns 89 billion, warren buffet owns 65 billion, so Mahinda own 16 billion. Even the richest person in Australia does not own 16 billion dollars. Sri Lanka's foreign aid and loans put together during Mahind's period was 12 billion. I hope I have put everything in context. Wake up guys, not saying MR has not stolen, but you are seriously misled, used by the current politicos.

    Moorkara Thursday, 27 October 2016 09:07 PM

    Rs.66bn ...kaju atada ..kos ..atada.... via DM Android App

    lol Thursday, 27 October 2016 09:22 PM

    well said minister. You make us all proud. This kind of robbery cannot go un-punished. via DM Android App

    Dihan Thursday, 27 October 2016 09:34 PM

    what is the bottom line ??? Do we (tax payers) need to bring this money too !!!!

    Hiran Thursday, 27 October 2016 09:41 PM

    Could Ravi Karunanayaka leave the ruling coalition and join the JO please?

    spirit Thursday, 27 October 2016 09:50 PM

    RW has no more future. Quite sure.

    Premalal Thursday, 27 October 2016 09:50 PM

    Ok we know all that. The whole country knows what happened but what we want to know is what you plan to do about it.

    sacre blieu Friday, 28 October 2016 12:29 PM

    All those responsible who have gone against the standard FR

    Ponil Rannaya Thursday, 27 October 2016 11:31 PM

    CB did not "give" but loaned perpetual treasuries to pay UNP debt to ouster Mahinda regime.

    George Harry Friday, 28 October 2016 12:34 AM

    Mahinda said to have brought loan all his full term 12bn, Yahapalana Horus said economic downturn in SL due to Mahinda's big loan issue. Here just as a Governor of CBSL Arjun who robbed 66 billion in just one and a half year term. Our question is; Mere a Governor can rob such a large sum in just a short period holding governor post in Yahapalana, then imagine the position of other big guys holding as leaders of SL?


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