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President Maithripala Sirisena has appointed a three member committee to investigate alleged irregularities surrounding a recent bond issue by the Central Bank, the Presidents Media Division said today.
However the committee will also investigate whether the Corporate Secretaries of Arjun Aloysius and the Free Lanka Capital Holdings PLC and Perpetual Treasuries had backdated the resignation of Arjun Aloysius from the Perpetual Treasuries Board and as well as from any other related company of perpetual Holdings and the ownership of Perpetual related entities.
It is also argued by investigators whether Arjun Aloysius and his Uncle Godfrey Aloysius fame sold the 50% stake held by them in FLC Joint Venture Company to Ishara nanayakkara-Rohini Nanayakkara fame of LOLC soon after 4 days of 'Alleged Bond Manipuation Deal of Arjuna Mahendran and Arjun Aloysius fame that was concluded on 27th February 2015' in an effort to change official ownership data of the Free Lanka Capital, Perpetual Holdings, perpetual Asset Management, Perpetual Treasuries which was founded by Aloysius family fame originated from Sri Lanka's largest Dry Fish Exporter Kattar Aloysius. FLC Joint Venture Company is the ultimate controlling shareholder of Arjun Aloysius' family fame owned Free Lanka Capital Holdings (FLCH) that was originally founded by Arjun Aloysius' grand father Kattar Aloysius.
On March 3rd in a Disclosure to Colombo Stock Exchange Browns Investments PLC said that it has acquired 50,000,000 shares of F L C Joint Venture Company (Pvt) Ltd, which is 50% of the stated capital of the Company, from Perpetual Holdings Limited on March 3, 2015 for Rs. 651,200,000.
FLC Joint Venture Company (Pvt) Ltd was a joint venture between Browns Investment PLC and Perpetual Holdings Limited. FLC Joint Venture Company (Pvt) Ltd holds 747,600,000 shares amounting to 54.65% in FLC Holdings PLC.
Subsequent to the said acquisition Browns Investments PLC will be the sole shareholder of F L C Joint Venture Company (Pvt) Ltd.
However Aloysius family or FLCH Holdings never or still haven't released any document about the acquisition to CSE data and filings.
On February 27: The 30-year bond auction for Rs.1 billion is opened with 36 offers received up to Rs. 20 billion. This enabled the Central Bank Governor to accept Rs. 10 billion. Earlier CB officials had given an indicative rate that interest rates of 9.5 per cent would be taken into consideration with such pre-auction advice being a usual practice.
However the committee will also investigate whether the Corporate Secretaries of Arjun Aloysius and the Free Lanka Capital Holdings PLC and Perpetual Treasuries had backdated the resignation of Arjun Aloysius from the Perpetual Treasuries Board and as well as from any other related company of perpetual Holdings and the ownership of Perpetual related entities.
It is also argued by investigators whether Arjun Aloysius and his Uncle Godfrey Aloysius fame sold the 50% stake held by them in FLC Joint Venture Company to Ishara nanayakkara-Rohini Nanayakkara fame of LOLC soon after 4 days of 'Alleged Bond Manipuation Deal of Arjuna Mahendran and Arjun Aloysius fame that was concluded on 27th February 2015' in an effort to change official ownership data of the Free Lanka Capital, Perpetual Holdings, perpetual Asset Management, Perpetual Treasuries which was founded by Aloysius family fame originated from Sri Lanka's largest Dry Fish Exporter Kattar Aloysius. FLC Joint Venture Company is the ultimate controlling shareholder of Arjun Aloysius' family fame owned Free Lanka Capital Holdings (FLCH) that was originally founded by Arjun Aloysius' grand father Kattar Aloysius.
On March 3rd in a Disclosure to Colombo Stock Exchange Browns Investments PLC said that it has acquired 50,000,000 shares of F L C Joint Venture Company (Pvt) Ltd, which is 50% of the stated capital of the Company, from Perpetual Holdings Limited on March 3, 2015 for Rs. 651,200,000.
FLC Joint Venture Company (Pvt) Ltd was a joint venture between Browns Investment PLC and Perpetual Holdings Limited. FLC Joint Venture Company (Pvt) Ltd holds 747,600,000 shares amounting to 54.65% in FLC Holdings PLC.
Subsequent to the said acquisition Browns Investments PLC will be the sole shareholder of F L C Joint Venture Company (Pvt) Ltd.
However Aloysius family or FLCH Holdings never or still haven't released any document about the acquisition to CSE data and filings.
On February 27: The 30-year bond auction for Rs.1 billion is opened with 36 offers received up to Rs. 20 billion. This enabled the Central Bank Governor to accept Rs. 10 billion. Earlier CB officials had given an indicative rate that interest rates of 9.5 per cent would be taken into consideration with such pre-auction advice being a usual practice.
