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

Leading News from Sri Lanka::

* 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.


ColomboPage - Recent 10 Stories ::
Local politico, four others arrested for stealing water pumps
-- [4 hours ago]
Sri Lanka Cricket to support ICC match fixing probe
-- [5 hours ago]
Operations of two generators of Sri Lanka's coal power plant halted for maintenance
-- [5 hours ago]
Sports Minister appoints a committee to look into amending the Sports Act
-- [7 hours ago]
President tours flood-hit Chilaw area to observe relief operations
-- [7 hours ago]
Death toll from adverse weather in Sri Lanka rises to 20, over 150,000 affected
-- [9 hours ago]
Retired SC judge to conduct an independent inquiry into match fixing allegations
John Keells PBT increases by 21 percent to Rs. 27.63 billion for FY 2017/18
Government allocates Rs. 69 million to provide relief to people affected by adverse weather
India invites applications for Self-Financing Professional Course

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.