Sri Lanka ex-CB Governor Mahendran paid millions by Perpetual Treasuries: report

ECONOMYNEXT – Sri Lanka’s ex-Central Bank Governor Arjuna Mahendran had been paid 3.2 million rupees in cheques in 2016 by Perpetual Treasuries, a gilt dealership owned by his son-in-law Arjuna Aloysius, involved in the biggest securities scam in the country, report said.

Sri Lanka’s Daily Mirror newspaper quoted Additional Solicitor General Yasantha Kodagoda as saying that Mahendran’s secretary Amila Dahanayake had asked another central bank employee to cash the cheques.

A cheque for 1.6 million had come on January 16, another cheque for 1.7 million on April 18 and a third cheque for 1.75 million rupees on May 27, the report said.

Kodagoda had told court that an Interpol red notice had been issued but he cannot be arrested according to Singapore laws, but Sri Lanka was trying to clear the hurdles to extradite him.

In a separate development, State Minister Sujeewa Senasinghe had received three cheques for 3.0 million rupees from W M Mendis & Company Ltd, a related company of Perpetual Treasuries.

The cheques had been cashed by a security officer of Senasinghe on the instruction of a campaign official. Senasinghe had told the newspaper that the money had been used for the campaign and he was not aware that the cash was from the Perpetual group.

There have been allegations that over 100 parliamentarians had got cash from Perpetual.

Ex-sports Minister Dayasiri Jayasekera had disclosed that he had received 1.0 million rupees, and Field Marshall Sarath Fonseka had received 100,000 rupees.  (Colombo/June08/2018)

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