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Little Johnny and New Charley feature in conversation between Aloysius and Palisena

19 September 2017 09:48 pm - 9     - {{hitsCtrl.values.hits}}

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At the onset of the today’s proceedings, Deputy Solicitor General Milinda Gunatilleka played a new Voice recording, in which PTL CEO Kasun Palisena and Arjun Aloysius were part of.

In this conversation, Kasun Palisena initially refers to some ‘Little Johney’ and in the latter part they were discussing about getting the yield rate down of a particular bond maturity (2026). In this conversation, Palisena talks about an individual called ‘New Charley’.

When Palisena refers to ‘New Charley’, Aloysius does not seem to remember about that individual and at that moment Palisena says ‘no no, this is Little Johnny’s Narahenpita guy’.

After this conversation was played, DSG Gunatilleke and the Commission repeatedly questioned Palisena as to who was he referring to.

This conversation took place on February 1, 2016

DSG Gunatilleke: Who is this ‘New Charley’?

Witness Palisena: Can be someone from that point

DSG: It clearly says ‘Narahenpita’. So don’t waste the time. Tell who is this person?

Witness: This was some time back. So cannot recall exactly who that was.

DSG: It was very clear that you and Aloysius are talking about the 2026 bond and about some individuals. Your answer is deceitful. It is self evident from this conversation that Aloysius was aware about this Little Johnny and the others. So I’m asking one final time, who is this Little Johnny? Was it Kaveen Karunamurti (DFCC dealer) or Saman Kumara (EPF Dealer)?

W: I don’t know.

DSG: In this conversation you refer as ‘this is Little Johnny’s Narahenpita guy’.

W: Yes

DSG: The ETF is there in the Narhenpita, right?

W: Yes

DSG: Tell the truth at least now, and disclose the names of these people.

W: it could be anyone

DSG: I told you earlier that there is a limit to lying

At this point Justice Prasanna Jayawardena questioned the witness about the conversation. It was revealed that Aloysius was keeping an eye on the PTL’s activities regularly.

Justice Jayawardena: It is clear now that you and Aloysius were talking in that conversation to influence on the yield rate to manipulate the market, right?

W: Yes

J: And you used Little Johnny to push the rate, and is this a common occurrence?

Witness’ answer was negative

When Justice Jayawardena questioned as to why they used to talk with nick names. The witness said that they do not want it to be known by other counter parties.

Justice Jayawardena again asked the witness to reveal the names but the witness maintained his stance that he does not know.

Justice Jayawardena: In a previous conversation that you had with Aloysius on March 29, 2016, you said “I got Little Johnny’s bids”?

W: That was about client’s bids which I was referring to.

Justice Jayawardena: Either way, it is clear now that you and Aloysius had colluded to bring down rates using Little Johnny and New Charley?

W: Yes. But we were only talking about it.

Meanwhile, when President’s Counsel Anuja Premaratne who was appearing on behalf of Arjun Aloysius was re-examining the witness, Justice Jayawardena said not to question about the matters relating to Aloysius other than the phone conversations because his client was given all the opportunity come before the Commission to present his case. (Shehan Chamika Silva)

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  Comments - 9

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  • Raj Wednesday, 20 September 2017 06:20 AM

    By this time, every other dealer in the country will be deleting their voice recordings!

    Dealer Wednesday, 20 September 2017 02:15 PM

    No they won't. This chap and his friends aren't an example of the other dealers in the market.

    JOHANNY COMES MARCHING Wednesday, 20 September 2017 07:29 AM

    " Let love and friendship on that day,-- Hurrah, hurrah! -- Their choicest pleasures then display, -- Hurrah, hurrah! -- And let each one perform some part, -- To fill with joy the warrior's heart, -- And we'll all feel gay when Johnny comes marching home " - scout song

    lion Wednesday, 20 September 2017 07:35 AM

    We must indeed be happy. There wouldst have been any investigation if this had taken place under previous regime.Under Nevard Cabral there were so many allegation of hedging deals and various other mal practices. Unlike today news papers have not carried out a sever campaign. we the people of this country got most of the news curtailed through web sites which were barred.It was a pathetic scenario to see Nevard was dancing with Kenushka and Namal In Brazil in their failed attempt to get common wealth game to Srilanka wasting colossal amount of money of the poor people of this country. We must be happy to day to see these malpractices brought to light without any interruption and fear of life.This itself shows the victory for democracy.

    con.com Wednesday, 20 September 2017 07:56 AM

    "Oh what a tangled web we weave , when first we practice to deceive" ! Eye opener for all but sadly in this country no one ever learns!

    Mahee Wednesday, 20 September 2017 08:33 AM

    I like to see a repetion of our childhood plays in a big way like this. Very nice. By the way, is Little Johnny a big fat Johnny?

    Sharon Wednesday, 20 September 2017 09:05 AM

    Let's do a movie on this. Damn interesting...

    sena Wednesday, 20 September 2017 09:55 AM

    Laws seem to be harsh on the common man but soft on thebig guys

    lkboy Wednesday, 20 September 2017 12:06 PM

    "jonny jonny yes pappa, eating sugar no pappa"


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