Aloysius & Palisena further remanded

September 13, 2018

Owner of Perpetual Treasuries Limited Arjun Aloysius and Chief Executive Officer Kasun Palisena, arrested over the controversial Central Bank Bond issuance, have been further remanded until the 27th of September.

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

Senior Solicitor General Yasantha Kodagoda representing the Attorney General today informed Court that vouchers granted to a third party that was provided funds by a company affiliated to Perpetual Treasuries have been destroyed on the orders of the acting CEO of the affiliate company.

The Solicitor General also notified that among the vouchers were several cheques that were also destroyed while informing Court that investigations are underway to determine the names written on the cheques.

The Solicitor General also stated that the acting CEO of the company affiliated to Perpetual Treasuries disrupted efforts by the Criminal Investigation’s Department in examining a computer of the relevant company.

A bail application that was tabled by Aloysius previously was rejected by the Colombo Magistrates Court.

Arjun Aloysius and Perpetual Treasuries Limited CEO Kasun Palisena were arrested on the 4th of February and were further remanded till the 2nd of March when the case was last taken up for hearing.

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.