VP questions why Prez Sirisena waited two years to probe bond scams EPF alone suffers loss of Rs 14.9 bn
Posted on January 24th, 2017


The Perpetual Treasuries Limited had recorded an excessive profit of more than Rs 13 billion during the 21 months from January 1, 2015 to September 30, 2016, Chief Opposition Whip and JVP Leader Anura Kumara Dissanayake said.

He was moving an adjournment motion in Parliament yesterday on the COPE report on the Central Bank Treasury Bonds investigation. He said the Perpetual Treasuries had purchased bonds worth of Rs 227 billion during the 14 months from February 28, 2015 to May 31, 2016. Out of that Rs 141 billion worth bonds had been purchased directly while Rs 86 billion worth bonds had been purchased through other institutions such as state banks.

He pointed out 95 per cent of those bonds had been sold back to the Employees Provident Fund (EPF) at the secondary market. He said according to a monetary board report that came out last November the EPF had suffered a loss of Rs 14.9 billion during the above mentioned 14 months.

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“The assets of Perpetual Treasuries grew by 1853 per cent during the last two years while the asset growth of other primary dealers had been only 31 percent. The number of staff of this company is only 14. It is proved beyond doubt that this company has earned undue profits from the bond scams. The loss suffered from the bond scam on February 27, 2015 alone is Rs 1,674 million. Yet, the Government led by Prime Minister Ranil Wickremesinghe is hesitant to take any action against the culprits involved in this scam” he said.

MP Dissanayake urged Speaker Karu Jayasuriya to take the decisive matter into his hands and directly order legal proceedings against the perpetrators, while overseeing the process. The MP, while thanking the President for appointing a Presidential Commission in that regard, questioned why that action was delayed for two long years.

One Response to “VP questions why Prez Sirisena waited two years to probe bond scams EPF alone suffers loss of Rs 14.9 bn”

  1. Ananda-USA Says:

    Pal Horu KALLIYAK!

    However much we tell this PANA-NATHI JANA-PATHI that his PARA-GATHI AGA-MATHI robbed the CENTRAL BANK in broad daylight by his foreign bank robbing pal, he is allowing that FOREIGN THIEF to cover his tracks, and further CONNIVE in stealing national funds, and to draw a pay at the STATE’S expense!

    Meanwhile, Wimal Weerawansa is arrested and remanded PENDING investigation of his alleged misuse of govt vehicles!

    Why is Arjun Mahendran, at the least, not treated in EXACTLY the SAME WAY as Wimal?

    Why is the man who LOOTED the CENTRAL BANK of a sum of money that is SO LARGE that affects the ability of the nation to service the National Debt STILL not only FREE, but is EMPLOYED by the Government as a TRUSTED ADVISOR to the PARA-GATHI AGA-MATHI??

    Why is Arjun Mahendran, and his sidekick relative Aloysius, NOT IN PRISON pending investigation and prosecution?

    It is reported that Aloysius is buying large amounts of real estate and businesses with his STOLEN LOOT!

    Why has the PANA-NATHI JANA-PATHI Ayooooo Sirisena not ordered their FINANCIAL ACCOUNTS to be IMPOUNDED, and their ASSETS HELD IN CUSTODY, until they are prosecuted and a determination made by the courts on their guilt? When a Pal Hora is caught with the goods, why is there still insufficient evidence to prosecute and DOUBT about his guilt?

    Why is the PANA-NATHI JANA-PATHI not discharging his BOUNDEN DUTY to protect the ASSETS of the PEOPLE of Sri Lanka?

    Are you DEAF and BLIND, or you merely in CAHOOTS with them also, and running for cover?

    ACT NOW and ACT FIRMLY to PROSECUTE all of these THIEVES, and RECOVER the STOLEN WEALTH of the Sri Lankan People!

    We, the People of Sri Lanka, will hold you PERSONALLY RESPONSIBLE for your FAILURE to ACT, and ACT FAST!

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