BondGate Recap: Aloysius & Palisena further remanded – Mahendran still missing

BondGate Recap: Aloysius & Palisena further remanded – Mahendran still missing

BondGate Recap: Aloysius & Palisena further remanded – Mahendran still missing

Written by Lahiru Fernando

13 Apr, 2018 | 10:19 pm

COLOMBO (News 1st) – Bond Gate RECAP: The owner of Perpetual Treasuries Limited (PTL) Arjun Aloysius and  PTL CEO Kasun Palisena were further remanded yesterday (April 12). Meanwhile, the former Central Bank Governor Arjuna Mahendran is still missing.

The Criminal Investigation Division (CID) has filed a case at the Fort Magistrates Court on its investigations conducted following a complaint made by CBSL Governor Dr. Indrajit Coomaraswamy over the bond issue.

The suspects listed by the CID:

  • Former CBSL Governor Arjuna Mahendran
  • Owner of Perpetual Treasuries Limited Arjun Aloysius
  • CEO of Perpetual Treasuries Limited Kasun Palisena
  • Perpetual Treasuries Limited

February 4, 2018: Arjun Aloysius and Kasun Palisena arrested by the CID. The duo and PTL are charged with aiding in the criminal breach of trust committed by Arjuna Mahendran in the controversial bond auction on February 27, 2015.

March 2, 2018: The Attorney General’s Department informs court that the first suspect in the case, Lakshman Arjuna Mahendran, is not at the address listed in Singapore.

Several attempts made to contact Arjuna Mahendran following the Magistrate’s order for Mahendran to appear before the CID Director. However, authorities have so far failed to locate the former CBSL Governor.

Presidential Commission report states that Sri Lanka incurred an avoidable loss of Rs. 688 Million at the controversial bond auctions. The Auditor General says that long-term loss will be insurmountable.

Meanwhile, the CID has made a request from Interpol to issue a ‘Red Notice’ for the arrest of the former Central Bank Governor.

Aloysius, Aloysius further remanded – Mahendran still missing

Arjun Aloysius and Kasun Palisena further remanded – Mahendran remain missing.#lka #ArjunAloysius #KasunPalisena #BondGate #BondScam #CentralBank #ArjunaMahendran

Posted by Newsfirst.lk on Friday, April 13, 2018

 


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