Perpetual Treasuries Shared Its’  Rs 340 Million Profit With Another Company

It has been disclosed  that a portion of the profit made by Perpetual Treasuries Limited through the controversial bond transaction was  shared  with another company owned by  former Governor  of Central Bank Arjuna Mahendran .

On  questioning  Perpetual Treasuries CEO Kasun Palisena at the Presidential Commission of Inquiry investigating the issuance of Treasury Bonds on Thursday (17), he admitted having shared the profit of Rs 340 million made by the perpetual Treasuries with another company of Arjun Mahendran.

In answering to a question  raised by  the Bond Commission on investment,   CEO  Palisena had yesterday failed to disclose  the investments made with the dividends of Rs 712 million distributed to Perpetual Assets Management Limited from the profits made by Perpetual Treasuries since 2014. He further said, he was only appointed to the director board of Perpetual Assets Management Limited in February 2016 and therefore he  is unable to disclose  the investments made since that year.