BREAKING : PTL's Aloysius and Palisena remanded

Owner of Perpetual Treasuries Limited Arjun Aloysius and CEO of Perpetual Treasuries Limited, Kasun Palisena who were arrested on Sunday morning have been remanded until  Feb 05. The order was issued when the suspects were produced before Fort Magistrate Lanka Jayarathne.. Arjun Aloysius and Kasun Palisena have been arrested by the Criminal Investigations Department. Aloysius, the owner of Perpetual Treasuries Limited and Palisena, the CEO of PTL were arrested regarding the controversial Bond Scam. The CID arrested Aloysius at his residence in Inner Flower Road, Colombo. Meanwhile, during the arrest, Aloysius' wife was seen attacking a journalist's camera Kasun Palisena was arrested at a house down Arthusa Road, Wellawatte. They are to be produced before Court on February 4. The CID presented facts to court on Friday (February 2), naming Aloysius, Palisena and Arjuna Mahendran as suspects over the CBSL Treasury Bond issue. An order was issued for Mahendran to arrive in Sri Lanka before February 15, and provide a statement to the CID. They are found to have committed a series of wrongs and among them are conspiring and aiding in the use of financially sensitive confidential information for the bond auction that took place on February 27, 2015.