Jul 19, 2019

Arjun Aloysius & others granted bail

The special trial-at-bar today served indictments against Perpetual Treasuries Limited (PTL) owner Arjun Aloysius and several others and granted bail in connection with the Treasury bond scam.

They were released on a cash bail of Rs. 1 million and two sureties of Rs. 2.5 million each by the high court.

The Attorney General requested the court to issue a warrant against former Central Bank governor Arjuna Mahendran and also to issue summons on Perpetual Treasuries Limited Director Ajan Punchihewa. (Farook

The Special High Court had summoned the accused to appear before the court today (July 19) for service of indictment.

The Attorney General had present the indictments on 23 counts involving the charges against the suspects, under the Public Property Act and Registered Stocks and Securities Ordinance.

The defendants include Lakshman Arjuna Mahendran, former Central Bank Deputy Governor Paththinige Samarasiri, Perpetual Treasuries Limited, PTL owner Arjun Joseph Aloysius, CEO Kasun Oshadhi Palisena, chairman Geoffrey Joseph Aloysius, directors Pushyamithra Gunawardena, Chitta Ranjan Hulugalle, Muthuraja Surendran and Ajahn Gardiye Punchihewa.

The indictments have been filed on charges pertaining to the Treasury Bond auction on February 27, 2015.

Seven of the charges laid against the suspects are as follows;

* Conspiracy to commit criminal misappropriation in respect of Treasury Bonds to the face value of Rs 10.058 billion. (against all suspects)

* Criminal breach of trust in respect of Treasury Bonds to the face value of Rs 10.058 billion (against Arjuna Mahendran and Paththinige Samarasiri, the first and second suspects) and thereby causing a loss to the government in a sum of Rs 688,762,100

* Abetting Arjuna Mahendran to commit criminal breach of trust in respect of Treasury Bonds to the face value of Rs 10.058 billion (against Paththinige Samarasiri)

* Criminal misappropriation in respect of Treasury Bonds to the face value of Rs 5 billion (against the Perpetual Treasuries Limited)

* Abetting the Perpetual Treasuries Limited to commit criminal misappropriation (against all the other suspects)

* Committing insider dealing by the Perpetual Treasuries Limited

* Abetting the Perpetual Treasuries Limited to commit insider dealing (against all the other suspects)

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