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Sri Lanka arrests bondscam suspects; ex-CB Governor asked report to police

ECONOMYNEXT – Sri Lanka’s ex-CB Governor Arjuna Mahendran has been asked to report to criminal investigators after his son-in-law Arjun Aloysius and Chief Executive of Perpetual Treasuries Kasun Palisena was arrested, a media report said.

Sri Lanka’s Daily Mirror newspaper said the two suspects were remanded till Monday February 05.

Ex-CB Governor Ajuna Mahendran who is a citizen of Singapore has been asked to report to the police Criminal Investigations Department before February 15, the report said.

A commission of inquiry recommended criminal action and recovery of billions of rupees from Perpetual following a securities scam involving the purchase of bonds from auctions and dumping them on state funds at high prices. (Colombo/Feb05/2018)

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