Bail applications of Palisena and Aloysius rejected

Bail applications of Palisena and Aloysius rejected

October 11, 2018   10:16 am

The revision petitions filed on behalf of the owner of Perpetual Treasuries Limited Arjun Aloysius and CEO Kasun Palisena have been rejected by the Appeal Court.

The order was given by the judge bench of Preethi Padman Surasena and Shiran Gunaratne when the applications were taken up for review today (11).

The judge said that there were no special points on which the suspects could be granted bail.

They were arrested by Criminal Investigations Department (CID) officers on February 04, who arrived at their respective residences in Colombo.

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. 

The Criminal Investigations Department (CID) filed its first ‘B Report’ in court over the investigation into the controversial issuance of treasury bonds and cited the aforementioned names as suspects.

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