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Sri Lanka court bans foreign travel of Perpetual Treasuries officials

Oct 03, 2017 07:29 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT  - Top officials of Perpetual Treasuries Plc, have been banned from travelling abroad by court over alleged tampering with digital evidence and submitting false information to a commission of inquiry.

Arjun Aloysius, who controls the Perpetual group, Chief Executive Kasun Palisena, Chief Dealer Nuwan Salgado and IT Executive Sachith Devathanthri has been issued a travel ban by Colombo Fort Magistrate, Sri Lanka's Daily Mirror newspaper said.

Criminal investigators had started to probe an incident where data has been deleted from the voice recording system of Perpetual Treasuries.

A Presidential Commission is probing alleged rigging of bond auction when Aloysius' father-in-law Arjuna Mahendran was governor of the central bank.

The bonds were then dumped at high prices on the Employees Provident Fund, a private sector worker's fund managed by the central bank. (Colombo/Oct03/2017)

 


 

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