Perpetual Treasuries granted permission to appear before Presidential Commission

Wednesday, 22 February 2017 - 12:41

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The Perpetual Treasuries Company was permitted to appear before the Presidential Commission which is probing the Central Bank bond scam.

Permission was granted at the request of the lawyers appearing on behalf of the company.

Presidents Counsel Nihal Fernando sought permission to appear for Perpetual Treasuries when the Commission commenced its hearing at 10 o’clock this morning.

At this juncture, Commissioners recommended obtaining the Attorney General’s advice with regard to the request.

Later, the hearing was adjourned for 5 minutes.

Having consulted the Attorney General, the Commissioners who recommenced the hearings stated that Perpetual Treasuries had been granted permission to appear before the Commission under 16th Section of the Presidential Commission Act.

At the same time, permission was granted for a lawyer to appear on behalf of the Deputy Governor of the Central Bank who chaired the Tender Board during the controversial Bond issue.

Thereafter, the Commission started its hearing for Day-2.

Testifying before the Commission, Central Bank governor Dr. Indrajith Coomaraswamy educated the Commission on the process of a bond issue.