The Beneficial Owner of Perpetual Treasuries Ltd Arjun Aloysius and its CEO Kasun Palisena, have been granted bail by Colombo Chief Magistrate Lanka Jayarathne. The two have been released on cash bails worth Rs. 1 million each as well as on 4 surety of Rs. 2 million each. Overseas travel of the two have been …
The beneficial owner of Perpetual Treasuries Limited Arjun Aloysius and its CEO Kasun Palisena were further remanded until the 21st of November. The suspects were produced before Fort Magistrate Ranga Dissanayake this afternoon (November 08). Court permitted Geoffrey Aloysius, the Chairman of the Perpetual Group to travel overseas until the 30th of December.
The revision petitions filed on behalf of the owner of Perpetual Treasuries Limited Arjun Aloysius and CEO Kasun Palisena have been rejected by the Appeal Court. The order was given by the judge bench of Preethi Padman Surasena and Shiran Gunaratne when the applications were taken up for review today (11). The judge said that …
Perpetual Treasuries owner Arjun Aloysius and its CEO Kasun Palisena have been further remanded till 9th of August. The suspects who are accused of Central Bank bond scam were produced before Colombo Fort Magistrate today (Aug 02). Meanwhile, PTL’s former Chief Dealer Nuwan Salgado and IT officer Sachitra Devathanthri have been arrested and granted bail. …
Startling revelations were made when the case pertaining to the Central Bank Treasury Bond Scam was taken up at the Fort Magistrates Court on Thursday (July 5th). The beneficial owner of Perpetual Treasuries Limited Arjun Aloysius and its CEO Kasun Palisena were produced before Fort Magistrate Lanka Jayaratne and were further remanded until the 19th …
Owner of Perpetual Treasuries Limited Arjun Aloysius and CEO Kasun Palisena arrested and remanded over the controversial Treasury Bond issuance, will be produced before Court once again today.
The case will be heard before Colombo Fort Magistrate Lanka Jayaratne.
Meanwhile the revision bail application filed by the two suspects will also be reconsidered during the hearing.
Meanwhile Colombo Fort Magistrate Lanka Jayaratne also issued a warrant to arrest the former Governor of the Central Bank Arjun Mahendran.
The warrant was issued as the former Governor disregarded an order to appear before the Criminal Investigations Department.
The owner of Perpetual Treasuries Limited Arjun Aloysius and CEO Kasun Palisena were further remanded until March 15 by the Colombo Fort Magistrate. The order was issued by Fort Magistrate Lanka Jayaratne when Arjun Aloysius and Kasun Palisena were produced before the Magistrate earlier today, Ada Derana Court Correspondent reported. They were arrested by the …
The owner of Perpetual Treasuries Limited, Arjun Aloysius, and its CEO Kasun Palisena, both remanded over the Central Bank Treasury Bond Scam, have been admitted to the Prisons Hospital. Prions Spokesperson, Thushara Upuldeniya said they were admitted to the Prisons Hospital for a medical check-up. On Thursday (February 22), the Doctor attached to the Prison …
Perpetual Treasuries Limited’s Arjun Aloysius and Kasun Palisena, who are under remand custody over the Central Bank bond scam, have been admitted to be the Prison Hospital. Prison Media Spokesperson, Thushara Upuldeniya, said the individuals have been admitted to the Prison Hospital for “medical examination.” He said, the prison hospital doctor had informed the Prison …
Fort Magistrate Lanka Jayaratne rejected the bail application filed on behalf of owner of Perpetual Treasuries Limited Arjun Aloysius and its CEO Kasun Palisena.
Aloysius and Palisena were further remanded till March 2.
Additional Solicitor General Yasantha Kodagoda informed court that investigations have revealed Perpetual Treasuries Limited had made cash deposits into unknown accounts and withdrawn those funds thereafter.
The ASG further stated that the major shareholder of W. M. Mendis is Perpetual Treasuries Limited, and that the bank account under the name of W. M. Mendis at Seylan Bank is controlled by Arjun Aloysius and his father Geoffrey Aloysius.
Investigations have revealed, a sum of Rs. 1.19 Billion Rupees was deposited to this account on 66 occassions from May 21 to 2014 to February 7, 2018.
The same sum of Rs. 1.19 billion rupees had been withdrawn from the account on 154 occasions and that the present balance of the account is zero.
The Addition Solicitor General believes these monies would have been used to pay off informants and gifts to associates.
The present status of the accounts of Perpetual Treasuries Limited was revealed in court today, February 16.
Yasantha Kodagoda said a sum of Rs. 9.197 billion rupees is available with the Standing Deposit Facility Account at the Central Bank of Sri Lanka.
In addition, another Rs.2.19 billion rupees is available in the Lanka Secure System at the Central Bank of Sri Lanka under PTLs name.
The ASG stated that these monies have been legally reinvested by the Central Bank within the Central Bank itself.
Fort Magistrate Lanka Jayaratne ordered that these monies and the returns from the re-investments must be held with the Central Bank and cannot be withdrawn or transferred to PTL, any of its associated companies or personnel or any other third party ,until the case is concluded.
The magistrate issued an order on the General Managers of Pan Asia Banking Corporation, DFCC Bank, National Savings Bank and Bank of Ceylon to submit to the CID all documents and details of bond transactions entered into with and on behalf of Perpetual Treasuries Limited.
Court also order nine permitted CID Officers to record statements from Arjun Aloysius and Kasun Palisena at the Remand Prison for investigations purposes from February 17, 2018 to March 1, 2018.