Arjun Aloysius, Kasun Palisena files revision bail application


Perpetual Treasuries (PT) Owner Arjun Aloysius and PT Chief Executive Officer (CEO) Kasun Palisena filed a revision application at the Appeal Court seeking for bail, this morning.

The Colombo Fort Magistrate rejected the bail application filed by Arjun Aloysius and Kasun Palisena at a previous instance and were ordered to be re-remanded.

The CID submitting a ‘B’ report on February 2, named Arjun Aloysius liable for ‘Conspiring’ to commit the two offences of Criminal Breach of Trust and Criminal Misappropriation with former Cnetral Bank Governer Arjuna Mahendran at the bond auction on February 27, 2015.

Arjun Aloysius, the son-in-law of Arjuna Mahendran was arrested at his residence at Inner Flower Road, Kollupitiya and Kasun Palisena was arrested at his residence in Wellawatta on February 4.

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