PTL owner and CEO further remanded till the 27th of September

PTL owner and CEO further remanded till the 27th of September

Written by Staff Writer

13 Sep, 2018 | 6:22 pm

COLOMBO (News 1st) – Owner of Perpetual Treasuries Limited, Arjun Aloysius and its CEO Kasun Palisena was further remanded till the 27th of September. The order was passed after the suspects were presented before the Fort Magistrate Lanka Jayaratne today (September 13).

In Court today, Additional Solicitor General and President’s Counsel Yasantha Kodagoda said evidence revealed 102 vouchers for cash to be given to third parties by W.M.Mendis and Co. Limited from Perpetual Treasuries Limited were destroyed under the instruction of the CEO of W.M.Mendis and Co. Limited.

The Additional Solicitor General informed the court that this had taken place during the period the Presidential Commission of Inquiry into the Bond Scam was recording evidence.

He also revealed in court, that the CID was successful in recovering a large haul of cash cheques that were given to third parties by W.M. Mendis and Co. Limited in a dubious manner. Kodagoda informed the court that investigations are underway to ascertain the identities of those who received the cheques in question.

He went on to stress that the acting CEO of W.M.Mendis and Co. Limited Sajith Kalupathirana had obstructed the Criminal Investigations Department when the officers had been investigating the computer data at W.M.Mendis and Co. Limited.

Are you interested in advertising on our website or video channel
Please contact us at [email protected]