BOND SCAM investigated for Money Laundering

BOND SCAM investigated under Prevention of Money Laundering Act; AG tells Court

by Zulfick Farzan 16-07-2020 | 12:36 PM

Colombo (News 1st); The Attorney General's Department informed the Colombo Chief Magistrate's Court on Thursday (16) investigations against Ex-Central Bank Governor Arjuna Mahendran and 07 others accused with regard to the CBSL Bond Scam of 2015, are continuing under the provisions of the Prevention of Money Laundering Act.

Colombo Chief Magistrate Lanka Jayaratne ordered the Criminal Investigations Department to report its progress on the said investigations on the 12th of November.

The Attorney General was represented by Senior Deputy Solicitor General Haripriya Jayasundara.

Today Attorney-at-Law Nalin De Silva appearing for Stella A. Dissanayake and Sunil Premaratne, who had invested in CBSL Treasury Bonds in 2015 via Perpetual Treasuries Limited which operated as a Primary Dealer, requested court to issue an order to re-pay the two investors, if their investments had matured.

Senior Deputy Solicitor General Haripriya Jayasundara said the prosecution will not raise any objections if the order is made on the Governor of the Central Bank.

06 suspects named in the case including Arjun Aloysius, Geoffrey Aloysius, and Kasun Palisena were present in court today.