Mendis Company CEO ordered to provide details of transaction with PTL
May 10, 2018 03:42 pm
The owner of Perpetual Treasuries Limited (PTL) Arjun Aloysius and CEO Kasun Palisena have been further remanded until May 24 by the Colomb0 Fort Magistrate’s Court.
When the case filed against them over the Central Bank treasury bond scam was taken up before Magistrate Lanka Jayaratne today (10), the CID requested the court to order that a copy of the assets and liabilities report, provided by PTL to the Inland revenue Department, be issued to the IGP.
The magistrate accepted the request and ordered the Inland revenue Department to release a copy of the report to the IGP.
Meanwhile the Criminal Investigations Department (CID) also informed the court that a detailed report regarding the funds invested by PTL in the W.M. Mendis & Company Limited was required.
Therefore the court ordered the Chief Executive Officer (CEO) of W.M. Mendis & Company Limited to provide the CID with detailed reports of the financial transactions made with Perpetual Treasuries Limited.
The magistrate also ordered the CID to present a report on the progress of investigations when the case is taken up again on May 24.
