Aloysius and Palisena further remanded

October 11, 2018

The Owner of Perpetual Treasuries Limited Arjun Aloysius and Chief Executive Officer Kasun Palisena arrested in connection to the controversial treasury bond issuance have been further remanded till the 25th of October.

The order was issued by Colombo Fort Magistrate Lanka Jayaratne this afternoon.

Arjun Aloysius and Perpetual Treasuries Limited CEO Kasun Palisena were arrested on the 4th of February at their residences.

The Criminal Investigations Department named former Central Bank Governor Arjun Mahendran, Owner of Perpetual Treasuries Arjun Aloysius and the CEO Kasun Palisena, as suspects in the Treasury bond case.

The CID filed the case before the Colombo Fort Magistrates Court pertaining to the Bond issuance in 2015.