Perpetual owner, CEO further remanded

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 December 18 by Colombo Chief Magistrate Lanka Jayarathne.

Attorney Jeewantha Jayathilake appearing on behalf of Kasun Palisena pleaded his client be granted bail stating that his child was a prematurely born baby.

President’s Counsel Kolitha Dharmawardana appearing on behalf of the W.M.Mendis Company informed the Court that they received a letter from the IFS company.Dharmawardana submitted that letter to Court.

The duo are accused of allegedly aiding and abetting and conspiring with Arjuna Mahendran to misappropriate public funds worth of Rs. 688 million during the Bond auction held on February 27, 2015.

Aloysius and Palisena were re-remanded by the Fort Magistrate till December 18 during the parallel magisterial inquiry conducted relating to the Bond issue on deleting phone call data from Perpetual Treasuries' voice recording system and fabricating evidence to the Bond Commission.

Senior Deputy Solicitor General Haripriya Jayasundara and 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 Jeewantha Jayathilake appeared on behalf of Kasun Palisena.



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