State Enterprises Development Minister Kabir Hashim and Development Strategies and International Trade Minister Malik Samarawickrema have been summoned before the Bond Commission tomorrow.
The two Ministers are to record a statement relating to the investigations being conducted into the February 27 2015 and 29, 31 March 2016 bond auctions that saw one company – Perpetual Treasuries Limited – make unprecedented gains.
Perpetual Treasuries Limited (PTL) was previously owned by Arjun Aloysius, who’s father-in-law- Arjun Mahendran was at the helm of the Central Bank when the auctions took place.
The Bond Commission is investigating the nexus between Mahendran and Aloysius that saw PTL record a profit of Rs. 5.1 billion.