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Sri Lanka Equity Forum » Stock Market Talk » Perpetual Treasuries to get a most of Treasury Bill-Bond Business of New Government?

Perpetual Treasuries to get a most of Treasury Bill-Bond Business of New Government?

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Business Basil


Manager - Equity Analytics
Manager - Equity Analytics
Perpetual Treasuries owned by Free Lanka Capital Holdings owners will mostly get a large amount of business volumes of Treasury Bills and Treasury Bonds business in new 'Yahapalana Government' of Maithripala-Ranil Regime since new Governor of Central Bank is tipped to be Free Lanka Capital's driving force Arjun Aloysius's father-in-law Arjuna Mahendran who is also the top Economic Advisor of Ranil Wickramasinghe since old times.

hlsindrajith


Manager - Equity Analytics
Manager - Equity Analytics
Dear Bsiness Basil
I know you were very bias for the last regime and extreme but I believe you have good knowledge of politics. Why not wait until they are appointed and critically evaluate their conduct. We need opinion of the opposition too but without malice.

omegaplus

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@hlsindrajith wrote:Dear Bsiness Basil
I know you were very bias for the last regime and extreme but I believe you have good knowledge of politics. Why not wait until they are appointed and critically evaluate their conduct. We need opinion of the opposition too but without malice.

Very Happy Very Happy Very Happy

Business Basil


Manager - Equity Analytics
Manager - Equity Analytics
Not malice have a look how much I have shared insight of even MR Regime...go through my old posts entirely in this forum.I am a Sri Lankan.

StockGuru

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Business Basil you have shared the best infor for the benefit of countrymen.We value your input to safeguard our economy.Last week Arjun Aloysius' and Arjun Mahendran's name came in to light when Arjun bidded for most of the Sri Lanka's 30 year Bond.

Business Basil are you the Nostradamus of Sri Lankan Economy...we value your predictions and contributions to this forum.Keep it up safeguarding and enlightening Sri Lankans on this worst deal makers...Arjun Aloysius I think knowing about your revelation has already quit Perpetual Treasuries appointing Arjun ALoysius' proxy to Perpetual Board when Arjun Mahendran became Central Bank Governor.

Keep it up Cheers!



Last edited by StockGuru on Fri Mar 06, 2015 6:18 pm; edited 1 time in total

StockGuru

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Biggest Sri Lanka Rupee Bond Fraud - lankanewsweb.net 4.3.15

http://lankanewsweb.net/news/10187-biggest-sri-lanka-rupee-bond-fraud#.VPcke

Biggest Sri Lanka Rupee Bond Fraud - lankanewsweb.net 4.3.15

Details Created On Wednesday, 04 March 2015 13:24 Category: General

The entire business community was shocked with the blatant abuse of power of the Central Bank Governor Arjuna Mahendren to help his infamous son in law Arjun Aloysius, known for his infamous EPF deals with the previous government, resulting in the fund losing over 2 billion Rupees.

To date the government has not investigated a single transaction and it will never happen under the current regime.

To add to all this the Central bank recently announced its 30 year bond and according to Central Bank expectations the rates were expected to be in the range of 9.5%. However, the rate went up to 12.5% on a directive of the new Governor Mahendran. His son in law however new about this well in advance and cashed in raking in a big profit.

The main bidder his son in law who bid at 12.5% obviously had inside information and as a result gained high profits where as the banks and the other financial institutions who made their bids according to the public information given by Central Bank lost out to the company owned by Mr. Mahemdren's son in law.

Also, during the last week several 5-10 year bonds at low rates were sold by CB Governors' Son in law Arjuna's company and reinvested in the 30 year bond , because he had inside information from the Central Bank that the rates would go up to 12.5%.

CB governor's son in law were involved in the previous regime's EPF dealings amounting to Billions as well, no action has been taken so far against his company Perpetual ltd. Now he has taken it to another level because he has the support of his Governor Father in law and the Prime Minister whom he refers to Uncle Ranil in conversations.

God save mother Lanka , we have jumped from one frying pan to a bigger frying pan.

Good Governance Activist

After this Report Arjun Mahendran had just denied saying his Son-In-Law quit the top seat at Perpetual without saying that most of the bids were from Aloysius family controlled Perpetual Treasuries too.Have a look...


Story Below

This story was disseminated by mafias who control the market - CB Governor replies

Details Created On Thursday, 05 March 2015 14:46 Category: General

arjun reply By responding to our news which appeared on our website on 2nd March 2015 the Central Bank Governor Arjuna Mahendra told us the following.

"Bond prices go DOWN when interest rates rise. So i m not sure who made any profits. My son in law resigned from Perpetual when I became the Governor of the Central Bank. This story is being spread by a mafia who were controlling the market thru private placements. I did the first 30 year auction since September 2014 and have BANNED private placements since. Interest rates will fall back to 9pct once the shock recedes"

List of dealers who bought sri lanka bond from central bank as follows







hettihewa


Senior Equity Analytic
Senior Equity Analytic
After the biggest INSIDER DEALING fraud of the history of central bank bond issue came to light two days ago government and CB governor have issued statements clarifying the position. Those who don't have brains to see read between lines they are good explanations. Main points in the explanations are as follows

Government desperately needed money to pay outstanding of Rs 44b for land acquisitions related to road constriction projects

Controversial son in law of central bank governor is no longer a director of the company involved in the fraud


But these explanations raise several issues.

1) By accepting Rs 44 Bn to be paid for land acquisitions of the road constructions of previous government the cat has come out of the bag that UNP in order to come to power lied about price escalations of road contractions. They projected an image to the public that these high construction prices were due to commissions paid to big bosses of then Government to see it is in reality due to land owners.
2) The issue at hand is not why government need money and why CB decided to by RS 10 bn worth of 30 year bonds at high interest rates. The issue is hw Central Bank Governors son in law the infamous Arjun Allosiyas knew in advance about the CBs strategy which made it possible to sell low interest bonds in advance and keep money ready to dumpt to CB at high interest and make a windfall. Isn’t this what we understand as INSIDER TRADING ? Where is justice ?

3) The CB governorArjun Mahendran issuing a statement says his son in law has resigned from the directors ship of Perpetual Capital the primary dealer company who made this ill-gotten many. Who is he trying to fool when his son in law is still the owner of the company ?

The CB comes under prime minister Ranil Wickremasinghe who appointed Arjun Mahendra to this position despite so much resistance even from within UNP. Those who opposed predicted exactly this scenario with the uncle – son in law connection. So how can Ranil Wickremasinghe pretend to be clean on this huge fraud and blatant abuse of power by his family friends ? Elections are coming soon. Billions of excess money is always helpful.

Business Basil


Manager - Equity Analytics
Manager - Equity Analytics
@StockGuru wrote:Biggest Sri Lanka Rupee Bond Fraud - lankanewsweb.net 4.3.15

http://lankanewsweb.net/news/10187-biggest-sri-lanka-rupee-bond-fraud#.VPcke

Biggest Sri Lanka Rupee Bond Fraud - lankanewsweb.net 4.3.15

Details Created On Wednesday, 04 March 2015 13:24 Category: General

The entire business community was shocked with the blatant abuse of power of the Central Bank Governor Arjuna Mahendren to help his infamous son in law Arjun Aloysius, known for his infamous EPF deals with the previous government, resulting in the fund losing over 2 billion Rupees.

To date the government has not investigated a single transaction and it will never happen under the current regime.

To add to all this the  Central bank recently announced its 30 year bond and according to Central Bank expectations the rates were expected to be in the range of 9.5%. However, the rate went up to 12.5% on a directive of the new Governor Mahendran. His son in law however new about this well in advance and cashed in raking in a big profit.

The main bidder his son in law who bid at 12.5% obviously had inside information and as a result gained high profits where as the banks and the other financial institutions who made their bids according to the public information given by Central Bank lost out to the company owned by Mr. Mahemdren's son in law.

Also, during the last week several 5-10 year bonds at low rates were sold by CB Governors' Son in law Arjuna's company and reinvested in the 30 year bond , because he had inside information from the Central Bank that the rates would go up to 12.5%.

CB governor's son in law were involved in the previous regime's EPF dealings amounting to Billions as well, no action has been taken so far against his company Perpetual ltd. Now he has taken it to another level because he has the support of his Governor Father in law and the Prime Minister whom he refers to Uncle Ranil in conversations.

God save mother Lanka , we have jumped from one frying pan to a bigger frying pan.

Good Governance Activist

After this Report Arjun Mahendran had just denied saying his Son-In-Law quit the top seat at Perpetual without saying that most of the bids were from Aloysius family controlled Perpetual Treasuries too.Have a look...


Story Below

This story was disseminated by mafias who control the market - CB Governor replies

Details Created On Thursday, 05 March 2015 14:46 Category: General

arjun reply By responding to our news which appeared on our website on 2nd March 2015 the Central Bank Governor Arjuna Mahendra told us the following.

"Bond prices go DOWN when interest rates rise. So i m not sure who made any profits. My son in law resigned from Perpetual when I became the Governor of the Central Bank. This story is being spread by a mafia who were controlling the market thru private placements. I did the first 30 year auction since September 2014 and have BANNED private placements since. Interest rates will fall back to 9pct once the shock recedes"

List of dealers who bought sri lanka bond from central bank as follows








I always get info and sense before many Dear Stock Guru.Thanks for the cheers and motivation.I always work to deliver wisdom to Sri Lankans. Thanks for the appreciation again Dear Stock Guru

StockGuru

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Business Basil you are the first one to predict in Sri Lanka in February 2nd 2015 that Arjun Aloysius and Arjuna Mahendran Fame will manipulate bonds at the expense of our economy under new government having obtained a vast number of facts and figures of Arjun's dealings! I feel that Arjuna Aloysius is a smart 'Young Crook' in a way because in any case if his 'Bond Fiasco' case is properly investigated his 'Eldest Uncle' Godfrey Aloysius will go to jail because of his 'Deals' because Perpetual Treasuries Chairman is now Godfrey Aloysius who is quite a nice guy! Thanks for valuable input you added to this forum

MalcolmTurnbull


Equity Analytic
Equity Analytic
Business Basil I think you are the Nostradamus of Sri Lanka's Economy and Business! I congratulate you! Your efforts in predicting Arjun Aloysius had been felicitated and appreciated by Sri Lanka's No.1 Unbiased Sunday National Newspaper - The Sunday Times Today! I wish you to become a Consulting Economist and Chief Adviser to Sri Lanka's Economy and Politics in future for the best interests of safeguarding Sri Lanka! 

Here is the Today's Sunday Times News 

Link: http://www.sundaytimes.lk/161204/news/arjun-aloysius-the-james-bond-of-bond-business-218996.html
Arjun Aloysius: The James Bond of bond business
By Namini Wijedasa
View(s): 448



Just three days after last year’s presidential election, someone predicted the Perpetual Treasuries Ltd (PTL) bond issue on an online website for stock market investors.
The man wrote on Sri Lanka Equity Forum:“Perpetual Treasuries owned by Free Lanka Capital Holdings owners will mostly get a large amount of business volumes of Treasury Bills and Treasury Bonds business in new ‘Yahapalana Government’ of Maithripala-Ranil Regime since new Governor of Central Bank is tipped to be Free Lanka Capital’s driving force Arjun Aloysius’s father-in-law Arjuna Mahendran who is also the top Economic Advisor of Ranil Wickramasinghe [sic] since old times.”  
The new Cabinet had not even been sworn in. The prognosis for the new President and his Government was excellent. They had campaigned on a platform of good governance, meritocracy, transparency and freedom from corruption. There was every confidence that appointments to key positions would reflect those principles. Any suggestion of the sort ‘Business Basil’ made on Equity Forum seemed unwarranted, premature and wholly speculative.
But he was proved right at the Central Bank bond auction of late February 2015. The Government was not two months old when the storm broke. The allegation is that PTL benefited at the auction from a combination of insider information and a late decision to issue an unprecedented volume of bonds.
“For those of us who knew how Perpetual did business, it didn’t come as a total shock,” said one investment management source. “They were connected with pumping up stocks and dumping them at high prices on the Employees’ Provident Fund, which appeared to be a willing participant in this scheme. What shook us was that the new Government had also allowed what had happened at the bond auction.”
This article was researched over a period of several weeks. Many of those approached for information ran scared. One said that the subject was a “time bomb” and that he wanted nothing to do with it. Some laughed when asked about Perpetual’s business practices.
Those who agreed to be interviewed asked to remain anonymous. Every one of them maintained that 33-year-old Mr Aloysius was well-connected, both with the previous administration and the incumbent Government. Finance Minister Ravi Karunanayake’s name came up frequently, although he himself denied any “special relationship” with the young man.
The Sunday Times messaged Arjuna Mahendran with an offer to interview his son-in-law. He replied that it was unlikely Mr Aloysius would agree. A note sent again this week went unanswered. We also wrote to Mr Aloysius at an email address provided by his secretary. An employee replied that he will do his best to meet our request for an interview once he had spoken with Mr Aloysius.
“Arjun is a dealmaker,” said an investment analyst. “He gets things done by using contacts, forging alliances, or by other means. This is a man who was smart enough to install Ajith Nivard Cabraal’s sister in one of his companies while he (Cabraal) was Governor of the Central Bank.”
Siromi Wickramasinghe was a director of Perpetual Capital Holdings Ltd (PCHL), which is Perpetual Treasuries’ owning company, from December 2013-March 2015. It was alleged that PTL had gained undue advantage from this connection. In defence, Mrs Wickramasinghe said she had never been a director of Perpetual Treasuries Ltd or been involved in any transaction or bid made by that specific company.
Mr Aloysius’s camp also resorts to technicalities whenever the issue of conflict-of-interest is raised. He wasn’t a director of PTL when the controversial bond auction took place, it claims. This is true. He resigned on January 16, 2015, a week before Mr Mahendran was appointed CBSL Governor. But he has retained other positions in the Group and clearly his influence. Any separation of interests is only on paper.
Investment banker Arjuna Mahendran is the son of Charlie Mahendran, a retired Foreign Service diplomat who had joined the United National Party after returning from his last posting as Ambassador to China. When Ranil Wickremesinghe became Premier in 2001, the senior Mahendran went to New York as Sri Lanka’s Permanent Representative to the United Nations.
Arjuna, the son, was simultaneously made Chairman of the Board of Investment (BOI). And again, in January 2015, he was appointed CBSL Governor eleven days after the Sirsena-Wickremesinghe Cabinet was installed. The most well-intentioned warnings about glaring conflict of interest were ignored.
The wedding of Anjali Mahendran and Arjun Aloysius had taken place in 2012, one year before PTL was licensed as a primary dealer. The bride was Hindu; the groom’s family, staunchly Catholic. They even had the Borella All Saints church repainted in white at their cost for the marriage ceremony which was conducted by Joseph Spiteri, Apostolic Nuncio to Sri Lanka.
Arjun is the grandson of Kattar Aloysius, who started out as a dry fish exporter and ended up as one of the country’s most successful businessman. He founded the Free Lanka Group and was a significant shareholder in several companies at the time of his death in 2013. There is a website dedicated to the extended Kattar family which hails from South India. It shows that Kattar Aloysius, whom they call the patriarch, was much loved and respected.
The senior Aloysius was close to Ranasinghe Premadasa. However, a clear distinction must be drawn here between Kattar Aloysius and “Aloysius Mudalali” whose real name was Samerasekara Mahamalika Aarachige (S M A) Aloysius and who had much deeper connections, including political, with Mr Premadasa. There was no business or family tie between Kattar Aloysius and Aloysius Mudalali.
A member of the late President’s administration said he (the administrator) first came to know the businessman in 1977, when Mr Premadasa became Prime Minister. Mr Aloysius had good public relations skills, was a great networker and would often assist Mr Premadasa for free, such as helping with food at certain functions or renovating a favourite bungalow in Yala.  
“He got up each morning at 4.30 and attended church,” this official said. “He wouldn’t start the day without a swim. I liked him because he was religious, honest and likeable.”
The administrator felt the senior Aloysius would have been devastated at the recent turn of events. He also said the old man, towards the end of his life, had expressed disappointment about the direction in which some aspects of his business were being driven. His son Geoffrey Aloysius is Arjun’s father and remains a director of PTL. His other son, Godfrey, was also a director but resigned four weeks before the bond scandal.
The Kattar website (kept alive by various relatives scattered around the world, particularly Canada) records special moments in the lives of the extended family. It provides a window into a deeply devout and united Catholic clan that starts and ends every special occasion with prayer. Several of its members are Catholic priests and nuns. They meet frequently at Christenings, birthdays, memorials, funerals and weddings.
But the page that once published the photographs of Arjun and Anjali’s marriage has been removed. And they are notably absent from the site. In fact, neither Arjun nor Anjali have notable internet footprints. That latter’s Instagram account is private. Even photographs that were once available via a simple Google search are no longer to be seen.
This reticence has helped create an aura of secrecy around Mr Arjun Aloysius. Even at the height of the controversial pump-and-dump market operation in 2011-2012, neither he nor his company were openly identified by the regulator as being part of the well-connected “stock market mafia”. Those it did name were prominent businessmen with public personas. Many had granted interviews, given speeches, attended functions, appeared on television and are widely documented on the internet.
By contrast, Mr Aloysius, then still in his twenties, has remained well under the radar. In 2012, he was selected to be a member of the Global Shapers Colombo Hub. At 27, he presented a glowing bio-data and appeared to be “a young entrepreneur from Colombo who was doing really well, that understood the market as well as the business environment”.
He was to have attended the World Economic Forum with nine other young Sri Lankans. But this didn’t happen. “He came for the first day, didn’t contribute and didn’t participate,” said someone closely associated with the event. “He attended two meetings, said he didn’t want to be part of it and left. But he did have an amazing profile and was an emerging millionaire.”
He might write a cracker CV–we have not seen it–but Mr Aloysius played up in school. He was compelled to leave one international school prematurely because the principal found him a difficult prospect. He then had to quit the next international school he was enrolled in because that principal, too, thought him “incorrigible”. He gained just two passes at the London GCE O/Levels in maths and English.
A close friend of his, when asked about Mr Aloysius, said he was “a bit naughty in school at times, but so was I”. He called him ambitious, intelligent, a hard and diligent worker and “not a thief”. “I know that there are many people who have said stuff about him or who didn’t quite appreciate the way he went about things,” he said. “But I think that as long as we act within the confines of the law, we should admire those who challenge the status quo and go about things in a different way.”
“I think it’s important to always have a moral compass when we go about things,” he continued.” But people are in business for profit not for charity. So we have to see it in that way too.”
We know from the letters of demand Mr Aloysius recently sent two media companies that he holds a bachelor’s degree in business from the ‘Bond University’ in Australia (and, no, the irony was not lost on anyone). Online discussion boards about Australian universities say Bond, while it has greatly improved its reputation in recent years, had once been called the “rich kid university”.
Mr Aloysius’s results at Bond are not known. In any case, academic achievement is not necessarily a fair parameter. At 21, he was made consultant to the Free Lanka Group. At 28, he was CEO of Perpetual Asset Management–as PCHL is still officially known–and Deputy Chairman of W M Mendis and Company as well as a board member of Housing Development Finance Corporation (HDFC).
Mr Aloysius had entered both Mendis and HDFC boards by virtue of Perpetual Capital acquiring large stakes in each. In May 2011, he became a director of HDFC as Perpetual was among the top five shareholders of the bank in which the National Housing Development Authority held the controlling stake. (Siromi Wickramasinghe was Chairperson at the time). The same year, Perpetual bought the controlling interest of Mendis for a reported one billion rupees or more.
Market sources say it was his grandfather that facilitated Mr Aloysius’s entry into the stock market, by either giving him some shares or access to the sale proceeds of those shares. It started out well. But Perpetual soon edged into murky territory. It started targeting a complicit EPF as a dumping ground for inflated shares.
Perpetual Capital and Perpetual Asset Management quietly joined a tiny posse that was helping to pump up the value of certain shares and unload them on to the EPF. Two of these were Ceylon Grain Elevators (GRAN) and Lanka Orix Leasing Company (LOLC). “There was a sort of an insider ring being created with certain people within the EPF and the Central Bank,” said an authoritative source, strictly on condition of anonymity.
Harsha de Silva, then an opposition legislator, was among the first to point out that the EPF was investing in non-blue chip companies in a questionable manner. For instance, Perpetual acquired shares of GRAN for around 50-80 rupees each at the end of 2010. On March 3-4 the following year, EPF bought five million of these shares from Perpetual at Rs 205. The price then fell dramatically to original levels, slaying everyone else that had put money into GRAN after having observed it rise (artificially) in value.
Among those affected in a similar manner were some friends of Mr Aloysius. After helping to inflate or“pump up” the prices, they lost millions when the share prices plummeted following his sales.
“Some of these shares were taken up to 500% to sell to EPF,” said one stockbroker. “Then the price crashed back to the original level.” “Perpetual was playing this game in the stock market,” said another. “Only when that bubble burst did they shift their attention to the bond market.”
Perpetual Asset Management employed a similar strategy to sell shares of LOLC to EPF and Bank of Ceylon. A study of historic stock market data, including daily price sheets and trading information, reveals much of the above. One stockbroker estimated that Perpetual made Rs 700-800 million profit from each or about Rs 1.5 billion from both.
Also in 2011, Perpetual Capital acquired a large stake in Lanka Ashok Leyland held by an investor named Saliya Perera. This longstanding shareholder had bought 27.8 percent of the company over a period of time. But he was in debt to a private bank.
Perpetual arranged with the bank to repossess a section of Mr Perera’s bloc. “The bank force-sold around 12 percent of Saliya’s stake to Perpetual at a massive discount,” a stockbroker said. The share was trading at Rs. 3000 when Perpetual lapped it up at Rs. 1000, causing shockwaves in the industry.
The sale was carried out ostensibly to settle Mr Perera’s dues. But he confided to a friend that the bank had disposed of far more than necessary.
“He said he was not someone who got angry,” his confidant told the Sunday Times. “He also said greed was Satan and that those responsible will have to answer to God. He was taking deep breaths. He was sad about losing something he had collected for so many years.” Days later, Mr Perera—a “bubbly, self-made man”—died of a heart attack. He was in his early 50s.
By now, Perpetual had substantial stakes in HDFC, Central Finance, Lanka Ashok Leyland, Bairaha Farms, LOLC, DIMO and CIC Holdings. As reported above, it also took control of liquor manufacturer W M Mendis and Co.
Those acquainted with Mr Arjun Aloysius say he spoke freely about how Perpetual had engineered the Leyland and Mendis acquisitions. But analysts also observe that he could have earned substantially more on the stock exchange had he sold Perpetual’s stakes in some companies when the respective share prices were peaking. Why, they ask, does he hold on to certain portfolios and divest of them when the market is down?
“Looking at the numbers, this is how Perpetual Capital made losses on Bairaha which it sold in stages up to mid-2015,”said an investor who studies trends. “I’m not entirely convinced that they are smart investors who do their research well.”
“They made headlines in March 2011 with a 1.5 billion rupee stake in Central Finance (CFIN) under Perpetual Capital along with around 800 million rupees under Thurston Investments which is also theirs,” this investor said. “They could have sold CFIN for double the money in May 2011, just a few months later. But, like with Bairaha, they chose to hold on.”
“They had opportunity to sell CFIN for a decent profit until October that year and could have made at least 20 percent after August 2014,” he continued. “Now it’s down again with little hope, it seems, of recovering.”
Perpetual made a lot of its money by establishing connections—one way or the other—and flogging certain shares at high prices. “If you have connections, you can sell to anyone,” the investor said. “You don’t need half a brain to do that. These are deals. If you know someone who knows someone, you can make it happen.”
The well-documented Central Bank bond issue gave Perpetual another windfall. In August 2016, the Group started buying National Development Bank (NDB) shares using two margin trading accounts: Waldock Mackenzie/Perpetual and Union Bank/Perpetual. They first collected small quantities, then expanded volumes gradually. The two main companies that hold NDB shares are Perpetual Equities and Perpetual Treasuries.
Recently, Union Bank/Perpetual Equities unloaded around 3.9 million NDB shares to Perpetual Equities through a private transfer. Then, Perpetual Equities sold 1.2 million of these shares to Perpetual Treasuries. “Ultimately, they are unloading shares to Perpetual Treasuries,” an authoritative source said. “The motive is not too clear. However, there is nothing illegal from the point of view of the capital market.”
Incidentally, Perpetual’s recent investment in NDB is already down by ten percent. “They typically have a ‘deal’ portfolio that they flip to the EPF at multiples of the market price,” said a senior stockbroking source. “And they have a separate strategic portfolio.”
Perpetual is now expanding still further. There is speculation that it wants to buy a stock brokerage (Religare Capital Markets has been mentioned). It is eyeing a television station. Journalists are already being recruited for a national newspaper project.
It is also open secret that Mr Aloysius has been helping to keep afloat a newspaper house which has been in financial difficulties for months on end. He even has an in-house representative, a General Manager named Mahesh Senanayake, who told editorial staff that his task was to protect his investor’s interests.
The money, around Rs 1 million a month, comes in via Perpetual Group advertisements. Employees recently went unpaid for two months after the money failed to come in. Around this time, stories related to the Committee on Public Enterprise’s (COPE) report on the bond issue were published. Some members of the Sinhala language edition went public on websites demanding Mr Aloysius to remunerate the staff. A million was invested again last month.
There is no sign of any action being taken against anyone regarding the 2015 bond scam. The consensus was that Mr Aloysius’s connections–through his father-in-law and of his own making–are too strong. One source related how he had hired a limousine for an influential Government minister in London last year, during an investment road show.
“The minister wanted to eat Chinese food but the restaurant at the hotel wasn’t that great,” he narrated. “So, Arjun Aloysius took the minister out to dinner in his limousine to China Town. That’s just the tip of the iceberg. He nurtures his relationships and was frequently seen with him during last year’s campaign for the parliamentary election.”
“He has covered his bases, whatever the party,” agreed a senior political source. “He is confident enough.”

Chinwi

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Associate Director - Equity Analytics
Associate Director - Equity Analytics
Is above article  available in Sinhala and Tamil ?

Every citizen in this country should real it.  
Can someone translate it ?

පොලොව කොටන තැන , පාර තනන තැන ගිණියම් අවුවේ  මහ වරුසාවේ දෙවියො වැඩ ඉන්නේ.
මොන දෙයියොද බං  එහේ.
ඔන්න දෙයියො ඉන්න තැන කරන වැඩ​ ගැන තියෙන්නෙ මේ ලිපියේ.

Gallardo


Manager - Equity Analytics
Manager - Equity Analytics
2 years on and I'm sure even Business Basil couldn't have predicted the Perpetual Bond storm still dragging and dragging on...    
Thanks for that amazing insight BB, you're AAA rated!

MalcolmTurnbull


Equity Analytic
Equity Analytic
Cheers Business Basil! You are Great! Your Post made history today, President Sirisena gave his statement what will be done to Perpetual Treasuries!

Business Basil should get the credit for revealing this 'Bondscam' and opening the eyes of all Politicians in the country.

May God Save Business Basil!

The Righteous God Father of Sri Lanka who safeguards 'National Interests' behalf of the Nation!

wisdom


Equity Analytic
Equity Analytic
Business organisations are for profit making . For the specific deal someone might need to prove Perpetual treasuries influenced government authorities for favoragion through bribery or what ever . Any way I believe commission have done a great job .

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
Huge profit of Perpetual treasuries is the problem.See speech of Asoka Abeysinghe in Balaya programme on December 28,2017.Let independant judiciary to decide.

This is the one(yet not proved) for hiding
Ethonol dealers,familywho deposit people money in Dubai bank,purchasing luxury houses in US,government housing scheme robers for their third grade family and relatives,person who sold foreigner's shares by fraud power of attorney,etc,etc

Business Basil as usual doing job for his dirty masters.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Question is how long it would take for judicial action. By the time a kind of administration change will make all upside down.

kovida

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@Yahapalanaya wrote:Huge profit of Perpetual treasuries is the problem.See speech of Asoka Abeysinghe in Balaya programme on December 28,2017.Let independant judiciary to decide.

This is the one(yet not proved) for hiding
Ethonol dealers,familywho deposit people money in Dubai bank,purchasing luxury houses in US,government housing scheme robers for their third grade family and relatives,person who sold foreigner's shares by fraud power of attorney,etc,etc

Business Basil as usual doing job for his dirty masters.
AS STATED IN THE B.REPORT  THIS BROBE SHOULD BE DONE FROM 2008 WHERE MORE  ROBBING HAD TAKEN PLACE UNDER MR REGIME. WE SHOULD APPRECIATE MS FOR HIS EFFORT TO BRING PERPETRATORS TO THE BOOKS  WHICH NEVER HAPPENED IN OUR HISTORY AND FURTHER INVESTIGATION WOULD REVEAL VERY BIG ROBBERIES OF MR REGIME. ALSO AWAITING SRI LANKAN PROBE IN MORE TRANSPARENT MANNER BEGINNING FROM TAKING OVER FROM EMIRATES.

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
[size=48]Details collected on Dubai accounts of Rajapaksa’s family
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Comments /  453 Views / Friday, 5 January 2018 00:00
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[size=17]Details have been collected related to the Dubai accounts of the family of former President Mahinda Rajapaksa.

Cabinet co-spokesman Rajitha Senaratne said that investigations into the illegal funds stored in the Dubai accounts are ongoing and important information is expected to be revealed soon.

In 2015 the Government had said that Namal Rajapaksa, the son of former President Mahinda Rajapaksa, had an offshore account in Dubai with millions of US dollars.

The Government had also said that the United States and India were assisting Sri Lanka in the investigations into the account as well as other offshore accounts of the former regime.

The Government had also said that money had been collected by the former Government saying it was to be used for road construction and other development work but most of it was transferred into offshore accounts.

However the former President denied the claims. (Colombo Gazette)
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worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
People are eagerly waiting for proofs. Mere statements made in past years do not touch people. Though it took a long time bond scam is giving a new message to common people.

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
ඔන්න ළමයිනේ දැක්කද ?  
 වසර 3 ක්ම අසුචි වලේ බැහැල ඔලුවෙ හිටං නාල කාල ලංකාවම ගඳ ගස්සල රටේ ආර්ථිකය සුන්න්ත්ධූලි කරල  අමු  නිරුවතින් පාරෙ ගියත්  ඇඟේ රෙප්ටයිල් ලේ දුවන හෙංචයියො  තාමත්  ඉන්නව "මෙන්න තව එක්කෙනෙක්  වාතයක් ඇරල ඒක බලන්න  කෝ"  කියන්න​.  

ranferdi

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Chinwi wrote:ඔන්න ළමයිනේ දැක්කද ?  
 වසර 3 ක්ම අසුචි වලේ බැහැල ඔලුවෙ හිටං නාල කාල ලංකාවම ගඳ ගස්සල රටේ ආර්ථිකය සුන්න්ත්ධූලි කරල  අමු  නිරුවතින් පාරෙ ගියත්  ඇඟේ රෙප්ටයිල් ලේ දුවන හෙංචයියො  තාමත්  ඉන්නව "මෙන්න තව එක්කෙනෙක්  වාතයක් ඇරල ඒක බලන්න  කෝ"  කියන්න​.  


IThin mokakda Aula oya mahattaya Aurudu 10 k thisse Rajapassage Asoochi wale bahan indalath thaama ganda danilath nahane...

Poddak hari santhosha wenna Horakamak unama eka gana katha karanna pareekshana karanna pawathina rajaya anubala dena eka gana...

Aulak ganna epa dan rata prajathanthrawadeei.....

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
One thing is very clear. If culprits are not punished similar to other offenders there could be destructive oppression against those who attempt to hide the scam under the carpet.

Ryan Hudson


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
It is appaling to see yahapalana jada ballas like ranferdi still protecting this meglomaniac brutal my3 ranil parabalu (pariah dog) regime.

Ryan Hudson


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The Pariah Dog Regime - Crimes Committed

1. The Rice Looting - Dudley Sirisena - buy at at 20 and sell at 120

2. Ranil Wikkamasingha - selling everythin including country and committing largest theft ever since prince viajayas arrival

Once big guys big looters what talking about rest like yahapalana and ranferdi?

Ryan Hudson


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
https://www.colombotelegraph.com/index.php/has-bond-commission-cleared-pm-of-any-involvement/ 

this article nudes ranil wikkamasinghe, harsha, sujeewa rosy(wesi) and ravi( neecha ravi) and entire unp and yahapalana jada ballas

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Ryan Hudson wrote:The Pariah Dog Regime - Crimes Committed

1. The Rice Looting - Dudley Sirisena - buy at at 20 and sell at 120

2. Ranil Wikkamasingha - selling everythin including country and committing largest theft ever since prince viajayas arrival

Once big guys big looters what talking about rest like yahapalana and ranferdi?

As usual Hadda is Firing Shit around... Baiyas doesn't know factual arguments rather than firing dirty words around... OK may be some of the people who are with Yahapalanaya supported bond SCAM but..... Think rationally yahaplanaya allowed investigations and ready to punish culprits... That's a very good sign of good goverence .. We may never be able to eliminate culprits creeping to high positions of political parties but as far as government keeps control the culprits will be captured.. That what happening now..

But during the time of Rajapassa they never allowed anyone to talk about what's happening in CB. There were many bond manipulations but no one even spoke about.. During the time HAdda and the clan who supports JArapassa area feasting Jarapassa shit.

People like Hadda doesn't have right to talk about bond manipulation but JVP deserves the right.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

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