AG opposes to Arjun Aloysius’s, Kasun Palisena’s request to grant bail


Perpetual Treasuries owner Arjun Aloysius’s and PT Chief Executive Officer Kasun Palisena’s request to be released on bail was strongly opposed by the Attorney General’s Department today.  

The Attorney General’s Department expressed its disapproval in a letter addressing to Colombo Fort Magistrate Lanka Jayaratne.

The decision concerning granting bail to the two suspects will be taken at the next hearing, fixed on February 16.

Arjun Aloysius and Kasun Palisena were arrested by the Criminal Investigations Department (CID) on February 4.

They are alleged to have ‘Conspired’ to commit the two offences of Criminal Breach of Trust and Criminal Misappropriation with former Central Bank Governor Arjuna Mahendran at the bond auction on February 27, 2015 under Section 113(a), 386, 39 and 391 of the Penal Code and the Section 5(1) of the Public Property Act.

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