Prime Minister instructed AG for legal action against Perpetual Treasuries over a year ago, UNP Ministers point out

The accounts of the Perpetual Treasuries Limited which is involved in the Central Bank Bond scam, were suspended under the orders from the Prime Minister Ranil Wickremesinghe a year ago but the authorities did not take any measures to arrest its director Arjun Aloysius until now, Deputy General Secretary of the United National Party (UNP) Minister Akila Viraj Kariyawasam says.

Minister Kariyawasam, pointing out that the background necessary for the arrest of director Arjun Aloysius had been prepared for over a year, questioned whether the arrest of the PTL director yesterday was timed for the local government elections.

The CID on Sunday arrested the Director of Perpetual Treasuries Arjun Aloysius and its CEO Kasun Palisena for questioning on their alleged involvement in the bond scam.

Expressing his views on the arrest Deputy Minister of National Policies and Economic Affairs, Dr. Harsha De Silva today said if the arrests were made when the Prime Minister first sent the report on the bond scam to the Attorney General in 2016, the case would have ended and the culprits will be in jail by now.

“Asa government we are very pleased that it happened even with the delay. We believe that they should receive the maximum punishment after they are convicted. We hope others who were involved in this scam will also be brought to justice the same way,” the Deputy Minister said.

The Prime Minister on 31 October 2016 handed over the COPE report recommending special investigations into Perpetual Treasuries to the Attorney General to take appropriate legal action.

The Deputy Minister also called on the Attorney General to immediately arrest those implicated in the 34 reports of the Presidential Commission of Inquiry to investigate and inquire into Serious Acts of Fraud, and Corruption (PRECIFAC).

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