gossip lanka

Aloysius to say a Rs. 25 b profit for the state?

Perpetual Treasuries owner Arjun Aloysius is planning to submit a report to parliament claiming that when compared with the rates prevailing at the time, the Central Bank bond auction had given a Rs. 25 billion profit for the NSB, Sri Lanka Insurance and the EPF, reports say.

Aloysius will say the EPF’s profit was Rs. 21.2 b, and that the
profits for the NSB and SLI were Rs. 1.2 and Rs. 2.9 b respectively.

However, the presidential commission that inquired into the bond auction on 27 February 2015 reported that a loss of more than Rs. 688 million to the state could have been avoided.