-PCoI informs PTL lawyers to get ready
-AG’s evidence over Bond issue will end by July 31
By Shehan Chamika Silva
The Presidential Commission of Inquiry (PCoI) today advised the Lawyers of Perpetual Treasuries Ltd (PTL) to come up with their evidence before the PCoI in the week starting from July 31.
The direction was made based on the possible conclusion of the Attorney General’s entire evidence relating to the bond inquiry by the end of July.
The Commission also informed the Counsel who appeared on behalf of the former Governor to be prepared with his evidence immediately after the conclusion of PTL’s evidence.
In the meantime, it was revealed that there will be a new witness testifying before the PCoI on Monday (24 July).
When the Counsel appearing for PTL questioned about the identity of the next witness, the Commission said that the name cannot be disclosed at the moment because the initial investigations on bringing in that witness were still not concluded.
However, the Attorney General’s Department assured PTL lawyer that there would be an “excitement” on Monday.
Initially at the proceeding, Deputy Superintendent of the Public Debt Department (PDD) at CBSL, W. Prabath gave evidence before the Commission.
His evidence was led by Deputy Solicitor General Milinda Gunathilake based on a document published by the PDD.
Based on the average of the quotes (rates) received from all Primary Dealers, the PDD generally prepares the sheet regarding rates of the secondary market transactions.
The DSG was referring to the average quotes of PDD along with the transactions that happened in the secondary market pertaining to the PTL.
However, the DSG requested the commission to call the witness again before the PCoI next week because more deal tickets are yet to be received to the AG’s Department over PTL’s transactions through DFCC Bank.
On the request of the ASG Dappula de Livera, the Commission adjourned the proceedings till Monday.
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