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* PTL's Arjun Aloysius and Kasun Palisena arrested
Sun, Feb 4, 2018, 08:33 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 04, Colombo: Sri Lanka police Criminal Investigation Department (CID) has arrested former director of Perpetual Treasuries Limited (PTL) Arjun Aloysius and its Chief Executive Officer Kasun Palisena this morning.

Arjun Aloysius, the son-in-law of former Central Bank Governor Arjun Mahendran was arrested at his residence at Flower Road, Kollupitiya. Kasun Palisena was arrested from a residence in Wellawatta.

The two PTL top officers will be produced in court this morning.

The Colombo Fort Magistrate on Friday named former Central Bank Governor Arjuna Mahendran along Perpetual Treasuries Limited (PTL) Director Arjun Aloysius and PTL CEO Kasun Palisena as suspects in the Treasury bond scam.

Arjuna Mahendran and Arjun Aloysius are accused of manipulating bond auctions in 2015 and 2016, causing losses of over $11 million to the state.

 

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