Ar­jun A's ev­i­dence cru­cial for thor­ough probe: CoI Chair­man

Sunday Times (Sri Lanka) - - NEWS -

Act­ing So­lic­i­tor Gen­eral Dap­pula De Livera and the At­tor­ney Gen­eral’s Dept are in con­sul­ta­tion to de­cide on court in­ter­ven­tion to com­pel Perpetual Trea­suries Ltd. (PTL) owner Ar­jun Aloy­sius to give ev­i­dence be­fore the Com­mis­sion of In­quiry (CoI) prob­ing the Trea­sury Bond (TB) is­sue.

The move fol­lows Ar­jun Aloy­sius in­form­ing the CoI on Thurs­day (14) that he did not wish to give ev­i­dence be­fore it. On Wed­nes­day, the CoI ac­knowl­edged it can’t com­pel Mr Aloy­sius to tes­tify be­fore it, but pointed out his ev­i­dence is cru­cial for it to con­duct a thor­ough probe.

Is­su­ing a 9-page Or­der over an ob­jec­tion raised by Aloy­sius’ At­tor­ney Gamini Mara­pana P.C., that his client is be­ing forced to tes­tify, CoI Chair­man Jus­tice K. T. Chi­trasiri noted that, de­spite more than 50 tes­ti­monies of wit­nesses and sub­stan­tial amount of ma­te­ri­als placed be­fore the CoI, Mr Aloy­sius’s ev­i­dence is cru­cial, as his com­pany is the ma­jor dealer in most of the mon­e­tary trans­ac­tions. (see Box) (graphic)

Jus­tice Chi­trasiri noted that the CoI also re­quired ev­i­dence from Mr Aloy­sius with re­gard to sev­eral mat­ters di­rectly within his per­sonal knowl­edge, in­clud­ing his re­la­tion­ship with for­mer Cen­tral Bank Gov­er­nor Ar­juna Ma­hen­dran, the role played by Mr Aloy­sius in ob­tain­ing a pri­mary dealer’s li­cence from the Cen­tral Bank, day-to-day op­er­a­tions of the com­pany as its Chief Ex­ec­u­tive, and the rea­sons for his res­ig­na­tion from that post.

On Friday (15), the CoI also is­sued sum­mons on Gen­eral Man­ager and Chief Dealer of Peo­ple’s Bank, Vas­an­tha Ku­mar and Ar­jun Aloy­sius’s Pri­vate Sec­re­tary Richie Sa­muel to ap­pear be­fore the CoI on Monday (18), to give ev­i­dence.

For­mer Cen­tral Bank Gov­er­nor Ar­jun Ma­hen­dran has been is­sued sum­mons to ap­pear be­fore the CoI on Tues­day.

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