Summons re-issued on Ravi to appear before commission

Summons have been re-issued on Foreign Minister Ravi Karunanayake to appear before the Presidential Commission investigating the Central Bank bond scam.

Karunanayake was Finance Minister when the alleged scam took place.

Arjun Aloysius, who is linked to Perpetual Treasuries Limited (PTL), was yesterday ordered by the Presidential Commission to handover his mobile phones and laptops used between 2015 and 2016.

Perpetual Treasuries Limited has been accused of receiving undue advantage as a primary dealer from the Central Bank when Arjuna Mahendran was the Governor of the bank.

Recently the Monetary Board of the Central Bank of Sri Lanka acting in terms of the Regulations made under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance, had decided to suspend Perpetual Treasuries Limited (PTL), son-in-law of former Central Bank Governor, Arjuna Mahendran, from carrying on the business and activities of a Primary Dealer for a period of six months with effect from 4.30 p.m. on 06th July 2017. (Colombo Gazette)