Bond Scam: AG files cases against 10 suspects

Bond Scam: AG files cases against 10 suspects

Written by Staff Writer

28 Jun, 2019 | 1:16 pm

Colombo (News 1st): The Attorney General today (June 28) filed cases at the Permanent High Court Trial at Bar against Former Central Bank Governor Arjuna Mahendran, Beneficial owner of Perpetual Treasuries Limited Arjun Aloysius, Geoffrey Joseph Aloysius and 07 others over the Central Bank Treasury Bond Scam.

Justices Sampath Abeykoon, Sampath Wijeratne and Champa Janaki Rajaratne ordered for summons to be issued on the accused to be present in court on the 19th of July.

The 10 accused are; Former Central Bank Governor Arjuna Mahendran, Former Central Bank Deputy Governor P. Samarasiri, Perpetual Treasuries Limited, PTL Beneficial Owner Arjun Aloysius, PTL CEO Kasun Palisena. Jeffery Joseph Aloysius, Pushya Gunawardena, Ranjan Hulugalla, Muthuraja Surendran and Ajahn Punchihewa.

The accused are charged with;

  • Conspiracy to commit criminal misappropriation in respect of Treasury Bonds to the face value of Rs. 10.058 Billion against all suspects at the auction held on the 27th of February 2015.
  • Criminal Breach of Trust in respect of Treasury Bonds against the 1st and second suspects and causing a loss to the government to the sum of Rs. 688 Million.

The Attorney General accordingly presented the indictments on the 23 counts involving 07 charges against the accused.

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