Arrest warrant issued for Arjuna Mahendran

Arrest warrant issued for Arjuna Mahendran

March 15, 2018   12:46 pm

The Colombo Fort Magistrate’s Court today issued an arrest warrant on former Governor of the Central Bank of Sri Lanka, Arjuna Mahendran.  

After considering a request made by the Criminal Investigations Department (CID) and the Attorney General’s Department, Fort Magistrate Lanka Jayaratne issued the warrant on Mahendran, who is named as the first defendant in the Central Bank bond scam case, on the assessment that he is absconding.   

He has been charged with criminal breach of trust for allegedly providing confidential information of the Central Bank of Sri Lanka (CBSL) to Perpetual Treasuries Limited, a primary dealer connected to his son-in-law Arjun Aloysius. 

Meanwhile the court also ordered Arjun Aloysius and Perpetual Treasuries CEO Kasun Palisena to be further remanded until March 29 by the court. 

When the case was taken up today (15), the magistrate had ordered telecommunication service providers in Sri Lanka to provide the CID with call detail records of the individuals who have been uncovered to have had connections with Aloysius, Palisena and Perpetual Treasuries Limited (PTL).  

On February 02, the Colombo Fort Magistrate’s Court named former Central Bank Governor Arjuna Mahendran, his son-in-law Arjun Aloysius and Perpetual Treasuries CEO Kasun Palisena as suspects in the CID’s investigation into the bond scam.

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