Jun 28, 2019

Bond Scam: AG files cases against 10 suspects

The Attorney General has filed indictments against former Central Bank Governor Arjuna Mahendran, PTL owner Arjun Aloysius, PTL CEO Kasun Palisena, former Deputy Governor P. Samarasiri and six others over the bond scam.

The High Court has summoned the accused to appear before the court on July 19, 2019.

The 10 accused are; Former Central Bank Governor Arjuna Mahendran, Former Central Bank Deputy Governor P. Samarasiri, Perpetual Treasuries Limited, PTL Beneficial Owner Arjun Aloysius, PTL CEO Kasun Palisena. Jeffery Joseph Aloysius, Pushya Gunawardena, Ranjan Hulugalla, Muthuraja Surendran and Ajahn Punchihewa.

The accused are charged with.

* Conspiracy to commit criminal misappropriation in respect of Treasury Bonds to the face value of Rs. 10.058 Billion against all suspects at the auction held on the 27th of February 2015.

* Criminal Breach of Trust in respect of Treasury Bonds against the 1st and second suspects and causing a loss to the government to the sum of Rs. 688 Million.

The Attorney General accordingly presented the indictments on the 23 counts involving 07 charges against the accused.

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