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Palisena asked to hand over communication devices to Bond Commission

The Presidential Commission of Inquiry appointed to investigate and inquire into the issuance of Treasury Bonds has ordered the CEO of Perpetual Treasuries, Kasun Palisena to hand over all communication devices he had used since 2015.

On July 28, Commission member Supreme Court judge Prasanna Jayawardene had stated that the commission should look into the investments made with the large sums of money earned by Perpetual Treasuries Ltd, through bond trades in the primary and secondary market.

He called for a list of investment made and companies purchased since January 2015 as there have been reports of the controversial primary dealer acquiring private television channels, newspapers and large scale liquor brewers.

Meanwhile the commission also ordered Perpetual Treasuries Director Arjun Aloysius to provide investigative officers with the passwort to the account on his mobile phone after Additional Solicitor General Yasantha Kodagoda stated that Mr Aloysius was avoided giving officers the password.

Furthermore, Minister Ravi Karunanayake testified before the Presidential Commission of Inquiry for nearly five hours yesterday (02) during which he was questioned regarding a luxury penthouse allegedly used by him in Colombo.

The minister was then questioned regarding his relationship with Arjun Aloysius of Perpetual Treasuries Ltd, to which he responded by saying that although he knew Mr Aloysius due to the connection between their two families it was not a close friendship or association.

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