Aloysius' lawyers request for a JMO "in the event they need to be hospitalized while remanded"

Arjun Aloysius, the owner of Perpetual Treasuries Limited and it's CEO Kasun Palisena were produced before Fort Magistrate once again today (February 5). The two arrived at courts in a prison bus from Colombo Remand Prison. Appearing for the state, Additional Solicitor General Yasantha Kodagoda said the case does not relate to the report of the Presidential Commission of Inquiry into the Treasury Bond Issue. According to Additional SG Kodagoda, the case was filed based on the investigations carried out by the Criminal Investigations Department (CID). The investigation was followed a complaint filed by the Central Bank Governor Dr. Indrajith Coomaraswamy. He added that when the CID produced a B report in Court on Friday, it was based on the investigations carried out by the CID and the evidence and investigative material obtained at the Presidential Commission of Inquiry.

Conspiracy with Arjuna Mahendran?

President's Counsel Kalinga Indatissa and other attorneys who appeared on behalf of the suspects pointed out "the Commission report only speaks of an avoidable loss and not an actual loss". However, the Magistrate said though they are not the same thing, there are similarities. ASG Kodagoda said the second, third and fouth suspects mentioned in the B report - Arjun Aloysius , Kasun Palisena and Perpetual Treasuries Limited aided in the criminal breach of trust committed by Arjuna Mahendran at the controversial bond auction on February 27, 2015. He said this was a conspiracy done together with Arjuna Mahendran. According to Kodagoda, the conspiracy can be proven if one of the conspirators turns crown witness or based on circumstantial evidence. He noted the suspects had actioned in a conspiratorial manner during the auction. Meanwhile, Kodagoda has requested the Magistrate to call for an independent report from a Judicial Medical Officer 'not attached to the Prison Hospital', "in the event the suspects say they need to be hospitalized after they are placed in remand custody". Kodagoda was given two days to make a written submission. The Attorney Generals Department and Criminal Investigations Department were ordered to make their submissions within two days after the submissions produced by the defence. While the case will be called up again on Friday (February 9), the owner of Perpetual Treasuries Limited Arjun Aloysius and CEO Kasun Palisena were further remanded until February 16. Furthermore, the former Central Bank Governor Arjuna Mahedran has been named as the first suspect in this case. "If the former Central Bank Governor Arjuna Mahendran fails to appear before the Criminal Investigations Department before the 15th, legal action will be instituted against him." Attorney General Jayantha Jayasuriya told News 1st.