Certain probe worthy negotiations between the former PABC Chairman Nimal Perera and EPF Senior Officer B.H.I Saman Kumara was brought to the notice of the Presidential Commission inquiring into the Treasury bond issue yesterday.
Evidence was lead by Deputy Solicitor General Milinda Gunatilake through Pan Asia Banking Corporation Deputy General Manager, Richard Dias.
PABC DGM Dias said he was requested several times by former Chairman Nimal Perera to contact B.H.I.Saman Kumara of the Employee’s Provident Fund to discuss the intermediary role played by the PABC between the EPF and Perpetual Treasuries in 2015 and 2016. Accordingly, the PABC has bid on behalf of the PTL at the auction held on February 27, 2015.
A facility proposal application submitted to PABC by Saman Kumara was produced before the Commission. According to the evidence given by DGM Dias, the PABC has granted two loans worth Rs. 15 million and Rs. 10 million to a company named Country Kitchen Confectionary owned by Saman EPF's Kumara.
Dias said both loans were granted by their bank under the directions of former Chairman Nimal Perera.
The evidence revealed that the Country Kitchen Lanka was granted these loans to lease two floors of a building which is owned by the Royal Ceramics in Ambalangoda.Nimal Perera was Royal Ceramics CEO and Managing Director when the transaction occurred, it was revealed at the Commission.
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