CB Bond Scam - Parallel inquiry postponed for Aug.29

The parallel magisterial inquiry into the CB bond scam with regard to the deletion of phone call data from Perpetual Treasuries Ltd voice recording system and the alleged fabrication of evidence to the Bond Commission was postponed for August 29 by the Colombo Chief Magistrate today.

The CID informed Court that the Government Analyst's report relating to the inquiry was yet to be received resulting in Chief Magistrate Lanka Jayaratne directing that a reminder be sent to the Government Analyst.

PTL owner Arjun Aloysius, CEO Kasun Palisena, former Chief Dealer Nuwan Salgado and former IT executive Sachith Devathantri, were held liable under the Penal Code, Registered Stock and Securities Ordinance and Computer Crimes Act in connection with what was revealed at proceedings of the Bond Commission.

Meanwhile, the prosecution is likely to name Mr. Devathantri and Mr. Salgado as crown witnesses to the inquiry. (Shehan Chamika Silva)

Courts Prasanna