PTL Chief, CEO further remanded

November 8, 2018

Owner of Perpetual Treasuries Limited Arjun Aloysius and Chief Executive Kasun Palisena, arrested over the controversial Central Bank Bond issuance, have been further remanded until the 21st of November.

The order was issued by Colombo Fort Magistrate Ranga Dissanayake. Meanwhile, the Magistrate has ordered the Criminal Investigations Department to expedite investigations into the case.

Meanwhile, Magistrate Ranga Dissanayake today granted permission for PTL Chairman Geoffrey Aloysius to leave overseas, after considering a motion submitted by the defence.

Owner of Perpetual Treasuries Limited Arjun Aloysius and Chief Executive Kasun Palisena were arrested by officers attached to the CID on the 4th of February.

The duo was arrested after the CID submitted a ‘B’ report in Courts regarding its investigation into the controversial Central Bank bond issuance, citing former Central Bank Governor Arjuna Mahendran, PTL owner Arjun Aloysius, CEO Kasun Palisena and PTL as suspects in the main magisterial inquiry.