Unfolding of events since Mahendran became CBSL Governor

The Singapore branch of INTERPOL has officially informed the CID that fugitive former Central Bank Governor Arjuna Mahendran is in Singapore. Mahendran left the country claiming that he was going for a wedding, soon after the conclusion of the Bond Commission. Following is a look at what happened since Mahendran was appointed as the Central Bank Governor. https://www.facebook.com/NewsfirstSL/videos/vl.704753026338536/1960421674018081/?type=1

Aloysius revision application hearing postponed

The hearing of the revision application filed at the Court of Appeal by Arjun Aloysius, the beneficial owner of Perpetual Treasuries, has been postponed to the 1st of June. Aloysius' attorneys filed the revision application, seeking to overturn the rejection of his bail application by the High Court. Representing the Attorney General today, Additional Solicitor General Yasantha Kodagoda submitted to court that bail had been denied by the Fort Magistrate's Court, considering the evidence uncovered through the investigation conducted by the CID, and the recommendations put forward by the Presidential Commission of Inquiry on Bond Issuances. Kodagoda also argued before court that the investigation cannot be belittled as the CID initiated its investigation following a complaint lodged by the Governor of the Central Bank of Sri Lanka, and not an anonymous tip-off from a three-wheeler driver. Furthermore, Kodagoda added that the Fort Magistrate had provided a comprehensive and detailed reasoning for denying bail and that her order was a legitimate order. Arjun Aloysius and Kasun Palisena, the CEO of Perpetual Treasuries, are currently in remand custody after being arrested in connection with the Central Bank bond scam.

The cheque from PTL

Meanwhile MP Dayasiri Jayasekara offered an explanation in Parliament over the allegations raised against him. https://www.facebook.com/NewsfirstSL/videos/1960417787351803/