Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka court names former Central Bank Governor, son-in-law, suspects of Bond investigations
Fri, Feb 2, 2018, 08:18 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 02, Colombo: The former Central Bank Governor Arjuna Mahendran along with his son-in-law, Perpetual Treasuries Limited (PTL) Director Arjun Aloysius and PTL CEO Kasun Palisena were named in court today as suspects in the treasury bond scam.

Colombo Fort Magistrate Lanka Jayaratne named the three as suspects according to a report filed by the Criminal Investigation Department (CID).

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.

Mahendran, a Singapore citizen of Sri Lankan origin is in Singapore and was not present in the court today.

The Magistrate ordered Mahendran to return to island and give and appear before the CID to record a statement before February 15 and ordered the CID to inform the suspect.

The Additional Solicitor General, Yasantha Kodagoda, representing the Attorney General's Department, also submitted the report of the Presidential Commission on the bond scam.

According to the report of the Presidential Commission of Inquiry into the Bond Issuance of the Central Bank PTL, a primary dealer, has made an undue profit of Rs 11.145 billion causing losses of Rs 8.524 billion to the government.

 

ColomboPage - Recent 10 Stories ::
Plan to develop Ratmalana Airport to provide efficient international flight services
-- [1 minutes ago]
Amãna Bank profit-after-tax tops Rs. 500 mn, records 10-fold growth
-- [45 minutes ago]
Army denies any terrorist involvement in Diyathalawa bus fire, 12 security forces personnel among 19 injured
-- [1 hour and 28 minutes ago]
Sri Lanka's Unity government's second Cabinet reshuffle is expected tomorrow
-- [2 hours ago]
Education Minister says will recruit permanent principals to national schools promptly
-- [3 hours ago]
New Tamil TV channel launched to foster national unity and reconciliation
Sri Lanka Navy assists repatriation of 109 Indian and 6 Sri Lankan fishermen released from detention
No power to change women's representation - CaFFE
Sri Lanka Speaker to make a special statement on unity government tomorrow
Over 3,000 died in road accidents in Sri Lanka last year

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.