Former Central Bank Governor Arjuna Mahendran appeared before the Presidential Commission of Inquiry (PCoI) investigating the Treasury bond issue this morning for the second day in a row.

He will be questioned on the nexus between the Central Bank and Perpetual Treasuries Limited (PTL) – owned by his son-in-law Arjun Aloysius – that saw PTL earn a profit of Rs. 5.1 billion for the year that ended in March 2016.

Yesterday, lawyers appearing for the former Central Bank Governor told the tribunal their client was appearing voluntarily as he was not compelled to give evidence before the Bond Commission, being a citizen of Singapore.

On September 13, the Bond Commission notified Mahendran through his lawyers to be present before the tribunal to testify for the first time since the three-member commission began hearings on February 6.