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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2219

Arjun Aloysius and Kasun Palisena further remanded until 16th February

Colombo, 05 February, (Asiantribune.com):

Owner of Perpetual Treasuries Limited Arjun Aloysius and CEO of Perpetual Treasuries Limited Kasun Palisena have been further remanded until the 16th of this month.

Arjun Aloysius and Kasun Palisena who were arrested and remanded on yesterday, February 4, were brought before the Fort Magistrate, Lanka Jayaratne today, February 5.

Arjun Aloysius was arrested at his residence located down Inner Flower Road in Colombo.

Kasun Palisena was arrested at his residence located down Arthusa Road in Wellawatte, following which the duo were produced before court.

On Friday, the Colombo Fort Magistrate’s Court named former Central Bank Governor Arjuna Mahendran, his son-in-law Arjun Aloysius and Perpetual Treasuries CEO Kasun Palisena as suspects in the CID’s investigation into the bond scam.

The Criminal Investigations Department (CID) filed its first ‘B Report’ in court over the investigation into the controversial issuance of treasury bonds and cited the aforementioned names as suspects.

The Magistrate also ordered former CBSL Governor Arjuna Mahendran to appear before the CID and give a statement in connection to the investigation, before February 15.

The Magistrate also issued an interim order preventing movable and immovable properties of Perpetual Treasuries Limited from being transferred to a third party.

- Asian Tribune -

Arjun Aloysius and Kasun Palisena  further remanded until 16th February
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