Sep 06, 2017

Perpetual Treasuries’ hidden secrets out today? Featured

The Attorney General’s Department will expose, at the bond commission today (06) information pertaining to the bids submitted by Perpetual Treasuries at treasury bill auctions which it had tried to hide by deleting telephone call data, say sources close to the commission.

The company had deleted the recorded telephone call data and even destroyed the computer that kept those records.

These records have revealed the bids submitted by the company at certain questionable bond sales as well as the leaking of internal and price sensitive information from the Central Bank, according to the sources.

Secret talks between Arjun-Palisena

These telephone conversations had reportedly taken place between Perpetual Treasuries owner Arjun Mahendran and its CEO Kasun Palisena.

In the course of evidence given by its IT chief Sachith Devatantri, it came to light that selected telephone conversations had been deleted from their system, and four CDs containing those conversations were with the chief dealer Nuwan Salgado.

On the commission’s order, Salgado on September 04 handed over those CDs and officials started going through on the following day.

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