Take action against Arjun Aloysius: COPE

2016-10-24 21:13:39

Members of the Parliamentary Committee on Public Enterprises (COPE) today held former Central Bank (CB) Governor Arjuna Mahendran's son-in-law Arjun Aloysius and other directors of Perpetual Treasuries responsible for the controversial CB Bond Scam, UNP member of COPE and Deputy Minister Ajith P. Perera said.

The COPE recommended to arrest Aloysius and the other directors and take action in accordance with the penal code, he said

He said the committee had also held several other companies responsible for the scam.

These conclusions came after chaos in the COPE meeting during the past few days as a result of differences in opinion among the members.

When asked about what action would be taken about Arjuna Mahendran, he said more recommendations were yet to be made and any decision if any involving Mahendran would be taken during Thursday's COPE meeting.

He said it would be only possible to present the COPE report to Parliament by Friday (October 28). (Yohan Perera and Kelum Bandara)

  Comments - 7

  • dana Monday, 24 October 2016 21:55

    we are seeking PMs view on this matter via DM Android App

    Reply : 8       69

    S B Lokuge Tuesday, 25 October 2016 04:32

    Arujuna Mahendren got involved in this scam to help Ranil to pay his huge debts incurred during the elections.

    Reply : 19       83

    siva Tuesday, 25 October 2016 04:12

    The money trail should provide a good insight .No bank could have had the ability to lend that kind of money to Perpetual Treasuries for them to pay for the bonds. The only place the money would have come is the Central Bank or a foreign bank in which case foreign exchange would have been involved. Simply said the entire banking system was compromised for one company to make a profit.The entire profit should be confiscated.

    Reply : 3       65

    Don Tuesday, 25 October 2016 05:37

    They will seek imf or world bank to intervene in this political witch hunt. It was a bond offer and they got it because their offer matched all the criteria just like how SFs son in law got caught by the previous government. If anyone is guilty its the governor who can allow it or disallow it. If he was guilty FCID would have charged him not COPE which is political. via DM Android App

    Reply : 54       13

    Joseph Tuesday, 25 October 2016 11:29

    Well the companies will think twice how much profit they would make dung a financial year. As it appears you could end up in jail.

    Reply : 18       3

    Bala Tuesday, 25 October 2016 11:32

    The Bank of Ceylon for lending without collateral and the CB Governor for decision to increase value and accept bid are fully involved in the scam with Perpetual.

    Reply : 0       23

    Ralahamy Tuesday, 25 October 2016 16:06

    Can we also get some light on the dealings of Nivad Cabraal during the previous regime? It will be interesting to see the number skeletons n the cupboard and indentify them with name and positions held.This will be a great service to the Sri Lankan general public I am sure.

    Reply : 8       5

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