A Sri Lankan court today remanded the former director of Perpetual Treasuries Limited (PTL) Arjun Aloysius and its Chief Executive Officer Kasun Palisena who were arrested by the Criminal Investigation Department (CID) for their alleged involvement in the Central Bank bond scam.
Colombo Fort Magistrate Lanka Jayaratne ordered to remand Arjuna Aloysius and Kasun Palisena until February 16 when they were presented to the Court today.
Following their arrest on Sunday morning, the CID recorded statements from the former officers of Perpetual Treasuries and produced them before Colombo Fort Magistrate at her official residence.
The magistrate remanded them until today and ordered to present them before the court today. The Fort Magistrate recently allowed former Central Bank Governor Arjun Mahendran, Arjun Aloysius and Kasun Palisena to be identified as suspects in the bond scam.
Former Central Bank Governor Arjuna Mahendran and his son-in-law Arjun Aloysius are accused of manipulating of bond auctions in 2015 and 2016, causing losses of over $11 million to the state.
Arjun Mahendran, who is a Singapore national, is currently in Singapore and the magistrate ordered him to return to island and appear before the CID to record a statement before February 15.