Thursday 3 August 2017

Perpetual Treasuries CEO Kasun Palisena to testify on Tuesday


 
-Commission asks to handover his communication devices to CID

-Mahendran`s Lawyer objects to the manner in which messages from Aloysius’ phone were presented by AG

-Ex-EPF chief cross examined by Mahendran’s counsel
 
By Shehan Chamika Silva
 
President’s Counsel Kalinga Indatissa today marked his appearance before the Commission on behalf of Perpetual Treasuries Ltd CEO, Kasun Palisena, who will testify before the PCoI on August 8 (Tuesday).
 
PC Indatissa said that Mr. Palisena has received a letter from the Commission to hand over his communication devices as soon as possible to the investigators. He said that his client will hand over the devices except the personal laptop.
 
He sought indulgence of the Commission to allow to keep the lap top with his client until his evidence is finished.
 
He was concerned about the material in the laptop pertaining to the time period since January 27, 2017, to date. He said there are lawyer-client information and personal data in it and the exposure of such data is contradictory to the professional obligations of a lawyer and it would also hamper their defense.
 
Additional Solicitor General Yasantha Kodagoda replying said that they are aware about such data and suggested that they need to look into all data and if the material contained lawyer –client information that amounting to furtherance of the offence, then it cannot be considered as a professional privileges.
 
 The ASG also undertook not to look into the data relating to lawyer-client relation until Palisen’s evidence is over.
 
However, considering the submissions of the both parties, the Commission directed Palisena’s counsel to hand over all devices including the laptop and send a representative to the investigators and make sure the data relating to January 27 to date be deleted in front of them.
 
The Commission said that the name of the item thus deleted should be given to the investigators so that they could retrieve them after Kasun Palisena’s evidence is led.
 
 
In the mean time, raising an objection on the extracted details presented on August 2, related to Aloysius’ mobile phone, Chanaka de Silva who appeared on behalf of Arjun Mahendran contended the manner in which such details were presented before the Commission.
 
He was of the view that the experts who extracted the details should come before the commission and verify the authenticity of the evidence.
 
He objected to the way in which such phone details were presented suddenly because according to him the details had been extracted on July 25, 2017 and not yet given to them.
 
The Commission was of the view that the details relating to the Aloysius’ phone  are subject to be proven  and if Mr. Aloysius and parties related in those details are to deny them then the Attorney General’s Department has to prove its credibility.
 
Additional Solicitor General Dappula de Livera said the authenticity of the details has to be proven and that is why the messages extracted from Aloysius which were related to “RK and Ravi K” were presented for the Minster the other day.
 
The ASG said if the Minister had accepted them then the authenticity of the extraction would have been proven. Thereby he said they will prove the credibility of the details in due course.
 
Counsel Chanaka de Silva yesterday also continued the cross examination of Mr. Jayalath, former Superintendent of the EPF.
 
Mr. de Silva questioned the witness over the allegations that he leveled against former Governor of CBSL, Arjun Mahendran during the testimony.
 
During the cross examination the witness said that when the EPF gains profits through engaging more secondary market transactions and then it would do good for its total fund as a whole.
 
Counsel asked “so don’t you think the instruction to intensify the secondary market transactions given by former governor is prudent?” “He should have given the authority to us to do such trading in the secondary market”, the witness said.  
 
When the counsel questioned the witness whether the governor had further instructed him to intensify transactions his answer was negative.
 
From the cross examination it was also revealed that the decision to get secondary market transactions daily by the former Governor from the EPF was not an imprudent decision.
 
The Commission said that it is well aware of the management tasks and the decision of former Governor to ask such details.
 
ASG Livera however said that that decision it self should not be taken into consideration isolate.
 
During the cross examination, Counsel Harsha Nananyakkara, who appeared on behalf of Saman Kumara also questioned the witness.
 
Earlier, the witness had said that interdicted Saman Kumara was a constant visitor to Arjun Mahendran office and had communicated secondary market transaction details to him.
 
During the questions it was revealed that Saman Kumara was an executive worker of the trade union of CBSL.
 
The Counsel was the view that his client was visiting Mahendran’s office to talk about trade union matters but nothing.
 
But the witness said that he was told by Saman Kumara that he had talked with Mahendran other matters. And he said from the discussions tha he had with Mahendren it was also evident that he knew things relating to EPF secondary market matters, which are known by only dealers like Saman Kumara.

No comments:

Post a Comment