Cases were filed on behalf of :
- Employees Provident Fund
- Employees Trust Fund
- National Savings Bank
- Insurance Corporation of Sri Lanka
- Provident Fund of the University Grants Commission
By Shehan Chamika Silva
During the submissions made by Additional Solicitor General Yasantha Kodagoda over the revision bail application filed by Arjun Aloysius and Kasun Palisena, it was revealed that the Attorney General had so far filed five civil cases in the District Court on behalf of five state institutes against Perpetual Treasuries Ltd (PTL).
These civil cases were on behalf of Employees Provident Fund, Employees Trust Fund, National Savings Bank, Insurance Corporation of Sri Lanka and the Pension Fund of the University Grants Commission.
The state in these law suits claimed a total of Rs. 8.5 billion from Perpetual Treasuries Ltd with regard to the unlawful profits gained by PTL in the Treasury Bond transactions which resulted in incurring huge losses to the above five entities.
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