Ministers Kabir Hashim And Malik Samarawickrema Summoned Before The Bond Commission Tomorrow

State Enterprises Development Minister Kabir Hashim and Development Strategies and International Trade Minister Malik Samarawickrema have been summoned before the Bond Commission tomorrow.

The two Ministers are to record a statement relating to the investigations being conducted into the February 27 2015 and 29, 31 March 2016 bond auctions that saw one company – Perpetual Treasuries Limited – make unprecedented gains.

Perpetual Treasuries Limited (PTL) was previously owned by Arjun Aloysius, who’s father-in-law- Arjun Mahendran was at the helm of the Central Bank when the auctions took place.

The Bond Commission is investigating the nexus between Mahendran and Aloysius that saw PTL record a profit of Rs. 5.1 billion.