Treasury bond scams: Mendis Company CEO ordered destruction of 102 vouchers

PTL wants Rs. 1 bn released

By A.J. Abeynayake

Senior Additional Solicitor General Yasantha Kodagoda, yesterday, told Fort Magistrate Lanka Jayaratne that W.M.Mendis Company had destroyed 102 vouchers pertaining to transfer of money, received from Perpetual Treasuries Limited (PTL).

However, the Criminal Investigation Department (CID) had found the relevant cash cheques issued by the PTL, the court was told.

Kodagoda said that four senior officers attached to the accounts section of W.M. Mendis and Company had owned up to the destruction of vouchers on the instructions of the Chief Executive Officer of the company Sajith Kalupathirana.

Kodagoda said that Kalupathirana had interfered in the investigation aimed at identifying those who had received part of the ill-gotten gains. Kodagoda pointed out that the CEO had violated court directives and thereby caused contempt of court.

Magistrate Jayaratne said that if the CEO had deliberately done so,  the CID could take action against him. Kodagoda responded that they expected directive from the Magistrate to proceed though action could have been taken on their own.

President’s Counsel Kolitha Dharmawardena told court that W.M. Mendis Company employee Sujith Alwis had been called by the CID on more than 50 occasions and created an environment where a confession could be obtained.

President’s Counsel Anil Silva, appearing for PTL requested the Magistrate, to direct the Central Bank to release Rs. 1 bn out of Rs 12 bn held by the Central Bank. The lawyer said that Rs 12 bn had been earned by the PTL before the treasury bond controversy. The PC pointed out that there couldn’t be any issue with releasing Rs 1 bn as it was alleged only Rs. 688 m had been earned unlawfully..

The Magistrate temporarily lifted the travel ban on PTL directors Vishwamithra Gunawardena and Ranjan Hulugalle to enable them to leave the country on Sept 15. They were directed to return by Sept 25.

Housing and Construction Minister Sajith Premadasa recently declared open Abayarajagama model village built at a cost of Rs 30 mn. The 98 model village comprising 23 houses is situated in the Nuwaragampalatha in the Anuradhapura district.

(pic courtesy Housing and Construction mibnistry)

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