Freeze profit gained by Perpetual Treasuries – JO

Thursday, 13 October 2016 00:00 - - {{hitsCtrl.values.hits}}

Gunawardena calls for President and Prime Minister to issue statements on their stand on the investigation

By Chamodi Gunawardana

The Joint Opposition (JO) yesterday demanded that the authorities freeze the accounts of Perpetual Treasuries Ltd. until a full inquiry into how the controversial company earned such extraordinary profits was completed.

Quoting a claimed Central Bank report on the controversial bond issue, MP Dinesh Gunawardena told the media that the preliminary investigation had found that the source of the company’s Rs. 5 billion profit was unclear.

Gunawardena also highlighted that the Government should follow the recommendations of the COPE report which was yet to be presented in Parliament.

“The COPE report on the probe into the large profits gained by the company will be handed over to Parliament next week and we request all relevant officials to follow the COPE recommendations to clarify whether the bond scam had pushed the gains of Perpetual Treasuries,” he said.

Gunawardena also claimed that the COPE report had stated that it was unclear how Perpetual Treasuries had earned these funds.

“We demand that the President and Prime Minister issue a statement about whether it comes under the money laundering act,” he said.