Reply To:
Name - Reply Comment
Last Updated : 2024-04-29 09:06:00
24 January 2019 09:32 pm - 14 - {{hitsCtrl.values.hits}}
Arjun Aloysius, who was in remand in connection with the Central Bank bond fraud, alleged that the investigating officers of the Central Bank bond scam had let the two main suspects off scot-free and without charging them even though there was ample proof against them.
Mr. Aloysius filed a motion in the Colombo Chief Magistrate Court today through his instructing Attorney Amila Pieris.
Mr. Aloysius had complained to Magistrate Lanka Jayaratna that the prosecution conducting the investigations into the scandal had let Senior Deputy Governor Nandalal Weerasinghe and Deputy Governor Ananda Silva of the Central Bank off scot-free without holding them for the scam while there is ample proof against them over their involvement in the scam.
Counsel Sajitha Jayawardena, appearing with Aravinda Gamage and Dayal Wanniarachchi, instructed by Attorney Amila Pieris submitted that the Presidential Commission who inquired into the scam had said in their report that the Deputy Governor Silva and Weerasinghe who were very experienced officers of the Central Bank, bore a responsibility to look after the interests of the bank.
Instead they had remained silent and did not consult Mr. Mahendran to desist from the course of action or at the very least record their opposition to the direction he issued to the Public Debt Department (PDD).
It was also said that both deputy governors would have been aware that an auction was underway when Mr. Mahendran invited them to accompany Mahendran to the PDD after the Corporate Management Committee meeting.
The report had emphasised that they should have advised Mr. Mahendran at that time and that it was not proper for the Governor to visit the PDD during an auction.
The Counsel further said that this had been asserted by Government Auditor, Gamini Wijesinghe who had accused the deputy governors for their involvements.
The Counsel also said that the Commission had observed that due to the aforesaid passive attitude adopted by the two, this amounts to negligence and a breach of their responsibilities as Deputy Governors of the Central Bank.
Counsel Jayawardena pleaded the Court to instruct the prosecution to name the two Deputy Governors of the Central Bank to the pending case.
The Magistrate ordered the Counsel to make that request in court on the next date of inquiry and in the presence of the prosecution as to take appropriate action.
Arjuna Mahendran, a Singapore national of Sri Lankan origin, his son-in-law Arjun Aloysius and Perpetual Treasuries Ltd CEO Kasun Palisena were charged under the state Property Act for manipulating bond auctions in 2015 and 2016, causing losses of over $11 million to the state.
A presidential report into the high-profile bond scandal accused the former Central Bank Governor Arjuna Mahendran for insider trading.
The investigation also had recommended a forensic audit of the Central Bank during the Rajapaksa era, saying insider trading had occurred under his rule as well. (T.Farook Thajudeen)
RuwanL Friday, 25 January 2019 05:44 AM
Mr Ananda Silva is a mild character and would never have challenged his superior! If he even advised Mahendran the latter is such a pompous high handed a** h***e he would have never listened to any one at Central Bank as he had full authority of the PM! Mahendran did what ever he wanted and even cancelled at least one of the excellent initiatives taken by the previous Governor which was beneficial to the country! The biggest mistake the UNP did was to cancel all initiatives taken by the previous government without evaluating them and after almost more than 2 years recommencing the same! The country has lost billion due to this foolish decisions!.
Til Friday, 25 January 2019 03:18 PM
But they as experienced bankers and highly responsible employees they should smell the rat and should inform higher places in here like peez,so seems to be they too responsible
Sunil Friday, 25 January 2019 06:12 AM
What about the minister who not only got away scot-free, but was also given another ministerial post and the big one that got away without going through and hard interrogation?
Adwani Friday, 25 January 2019 08:22 AM
Mahendran is citing that insider trading was already in existence during former regime, this was the reason for him to continue. But there are lot of people involved even the politicians have received donations, etc. Not only Aly. You cannot clap with one hand.
cheers Friday, 25 January 2019 08:34 AM
What an shame so called tie court people robbing the country this is a criminal offence. Name Aloysius, Mahendra colombo elite so called high class my foot
Lasantha Friday, 25 January 2019 08:47 AM
Both Anada Silva and Nandalal Weerasinghe are well regarded professionals who had. clean career track records. Why dont you file the case for Minister and the PM who allowed your FIL to flee the country? If Chief of the Defence was arrested for helping Navy sampath to flee the the country, what about people who allowed your FIL to flee the country? Please go ahead and file the case, we will support you.
Sensible Citizen Friday, 25 January 2019 09:07 AM
As from the contents of Aloycius's motion, he admits that he had done a fraud,and now his concern is why some of the connected parties who are also having links to the fraud have not been charged. Hence, Can Aloycius include a direct statement in his motion that he had committed the fraud. This will save lot of time and financial resources of the State in prosecuting Aloycius.
TONY Friday, 25 January 2019 09:59 AM
A RED HERRING TO EXONERATE HIS FIL
Siva Friday, 25 January 2019 11:30 AM
When one who knows.and understands a wrong transaction should have had a professional attitude and stop the wrong act. Was it done.
Sid Friday, 25 January 2019 11:58 AM
From 50 milllion dollars to 11 million?this is such a crooked government!first release the guy...give a ministry to the minister that got caught red handed!!!!whats happening in this country?
leo Friday, 25 January 2019 11:59 AM
Now big talk by Arjun Aloysius. In court his famous answer was I Don't Know. You dug yourself a hole now bury yourself.,
Jude Friday, 25 January 2019 12:48 PM
Hello Arjun !!! CAN'T you get it!! Those 2 cutta deal with prosecutors!! Yeah!!, to give EVIDENCE against YOU !!! For a financial guy notta smart smart ONE, otherwise he won't be in this Pickle!!!??
Common Sense Friday, 25 January 2019 04:54 PM
From his own statement Aloysius has now admitted he committed the billion worth fraud but he had the help of two other bank officials for the commission the grave crime.Why is he not talking about his father in law's part, the master minded crook,
dingiri Friday, 25 January 2019 06:15 PM
The single beneficiary of this fraud is Arjun Aloysius aided by his father in law Arjuna Mahendran. If he is claiming that others in the Central Bank colluded we need to know why. Were they under duress or did they receive a portion of the pot. This can be quite easily established. If he is saying that it was their duty to catch them and they didnt (which is quite laughable) then it is dereliction of duty which is a much lower charge.This man and his father in law should be locked up for good together with their political sponsors Ravi K and Sujeeva Senasinha.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
