Perpetual Treasuries Limited (PTL) owner Arjun Aloysius and CEO Kasun Palisena have been further remanded until August 9 by the Colombo Fort Magistrate.

Meanwhile the former PTL Chief Dealer Nuwan Salgado and IT officer Sachitra Devathanthri, who were arrested by the Criminal Investigation Department (CID) this morning, have been granted bail after being produced before the Fort Magistrate.
 
They were ordered released on a surety bail of Rs 300,000 each. However, the court barred them from leaving the country.

The two suspects were arrested on charges of erasing and altering the audio recording of phone conversations at PTL submitted to the Bond Commission.

In June, the Attorney General’s Department informed the court that four CDs containing telephone conversation recordings submitted to the Bond Commission have been altered.

The court was notified that certain conversations in the disks have been altered and erased before they were handed over to the commission.

The AG’s department stated that this unlawful act has been committed by PTL CEO Kasun Palisena, Chief Dealer Nuwan Salgado and IT officer Sachitra Devathanthri under the instructions of Arjun Aloysius, the second defendant in the case.

The magistrate ordered to send the four CDs containing the audio recording obtained from the Bond Commission as well as four other CDs of recordings provided to the CID by the Chief Compliance Officer of PTL Vathani Jesudasan to the Government Analyst and obtain a report.