Govt. not involved in SL investment summit in Singapore
View(s):Questions have been raised about in-the-news Perpetual Treasuries Ltd (PTL) being one of the lead sponsors of the Sri Lanka Investment Summit being held in Singapore on March 15. A newspaper advertisement recently promoting the event also revealed PTL’s big-time involvement. PTL is linked to Central Bank Governor Arjuna Mahendran’s son-in-law, Arjun Aloysius.
However a spokesperson from the Prime Minister’s Office, asked for a response, said the government was not involved in the event which was a private one. The money markets and the stock market expressed surprise over PTL’s involvement as a lead sponsor given that a fresh probe is being initiated by a parliamentary committee on the February 2015 tainted Treasury bond issue where PTL won most of the bids. “Why were there unsolicited bids for this event? All primary dealers should have been asked for sponsorship proposals,” one dealer said.
The Singapore event summit presented by FinanceAsia will feature a keynote address by Finance Minister Ravi Karunanayake and Mr. Mahendran among other speakers.