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Friday, 15 September 2017 - 14:49
“Arjun Aloysius lied to COPE” – PTL CEO reveals
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The proceedings of the Presidential Commission of Inquiry, probing the controversial bond issuance, took a new turn today (15).

Testifying before the Commission, the CEO of Perpetual Treasuries Limited, Kasun Palisena said that the PTL owner Arjun Aloysius lied to the Parliament COPE hearings regarding his involvement in the company.

The Deputy Solicitor General Milinda Gunathilaka drew Palisena’s attention to the COPE report while the latter was testifying before the Commission.

He pointed out that Arjun Aloysius has informed COPE that he withdrew from company management after his father-in-law, Arjuna Mahendran was appointed as Central Bank Governor.

Responding to the Deputy Solicitor General, Kasun Palisena said that Arjun Aloysius did not withdraw from company activities as he had informed to the COPE.

He further said that Aloysius intervened in dealings of the bond issuance on behalf of the Perpetual Treasuries Limited.

At that point, the Supreme Court Judge Prasanna Jayawardana asked Palisena whether Arjun Aloysius had lied to the COPE.

Palisena then affirmatively said that his company owner Arjun Aloysius had made a false statement to the COPE.

Meanwhile, a secret code titled ‘Little Johnny’ had been traced from the telephone calls received to Palisena’s mobile phone.

Although Palisena said it was a pet name used to refer to minor dealers, the State Counsel said that the code had been used to identify those who received benefits from Arjun Aloysius.

The State Counsel further said these beneficiaries have been spotted in Sri Lanka Insurance Corporation, Employees Provident Fund, National Savings Bank, Central Bank and in several private commercial banks.

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