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* Bond scam suspects Arjun Aloysius and Kasun Palisena further remanded
Thu, May 10, 2018, 10:50 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 10, Colombo: The Colombo Fort Magistrate Court today ordered to extend the remand of former Perpetual Treasuries Limited director Arjun Aloysius and CEO Kasun Palisena, who are in remand custody over the bond scam charges.

When the case was taken up today, the Fort Magistrate Lanka Jayaratne ordered to further remand the suspects until May 24.

The Criminal Investigation Department (CID) requested the Court to issue an order to provide a copy of the report Perpetual Treasuries Limited provided to the Inland Revenue Department on their assets and liabilities to the Inspector General of Police.

The Magistrate acknowledged the request and ordered the Inland Revenue Department to issue a copy of the report to the Inspector General of Police.

The CID informed the court that in addition, they need to obtain a detailed report on the investment of the money belonging to Perpetual Treasuries by the W. M. Mendis Company.

The Magistrate who accepted the request ordered the Executive Director of the relevant firm to provide a full report to the CID.

Considering the submissions made today, the magistrate ordered to extend the remand of the two suspects until the 24th and ordered the CID to submit a report on the progress of the investigations on that day.


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