Arjun Aloysius, Palisena re-remanded till Nov. 29

Arjun Aloysius

Perpetual Treasuries Limited (PTL) owner Arjun Aloysius and CEO Kasun Palisena, who were arrested by the CID over the Central Bank bond scam, were further remanded till November 29 by the Colombo Fort Magistrate Ranga Dissanyake.

They were accused of allegedly aiding and abetting and conspiring with former Central Bank Governor Arjuna Mahendran to misappropriate public funds worth Rs. 688 million during the Bond auction on February 27, 2015.

Aloysius and Palisena were also re-remanded by the Fort Magistrate till November 29 over the parallel magisterial inquiry conducted into the Bond issue regarding the deleting of phone call data from Perpetual Treasuries’ voice recording system and fabricating of evidence to the Bond Commission.

Senior State Counsel Lakmini Girihagama appeared for the Attorney General. President’s Counsel Upul Jayasuriya appeared on behalf of the witnesses.

President’s Counsel Anil Silva appeared on behalf of Arjun Aloysius and attorney-at-law Jeewantha Jayathilake appeared on behalf of Kasun Palisena.

President’s Counsel Wasantha Navarathne Bandara with Raneela Senadheera and Chanithi Athauda appeared on behalf of Counsel Chandana Perera.

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