Tuesday October 23, 2018

Sri Lanka bonds probe reveals calls between Mahendran, Perpetual Treasuries’ Palisena

Nov 17, 2017 12:11 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Sri Lanka’s former Central Bank Governor Arjuna Mahendran had been in regular contact with Kasun Palisena, chief executive of Perpetual Treasuries, a primary dealer being probed in a government bonds sale scam.

According to evidence at the Presidential Commission of Inquiry on the controversial bond sale, during 23 January 2015 to 20 June 2017, 27 calls had taken place between Mahendran and Palisena, the DailyFT newspaper said.

Seven of the calls had been while Mahendran was still central bank governor, the paper said, quoting testimony by Sub Inspector Yasanka Jayasinghe attached to the Technical Aid Unit of the Criminal Investigation Department (CID).

“It transpired that Mahendran had made zero contact with CEOs of other standalone primary dealers,” the newspaper said.

During the period of 23 January 2015 to 20 June 2017, fifteen of the calls had been from Mahendran to Palisena, and eight had taken place between 6.00 p.m. and 8.00 a.m.

SI Jayasinghe told the commission that several of the calls had taken place on dates relevant to the investigation.

Mahendran and Palisena had exchanged seven text messages from 01 February 2015 to 20 June 2017.

One text sent on 15 May 2016 read ‘Arjuna mahendranhotmail’.
(COLOMBO, November 17, 2017)


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