Thursday 9 August 2018

15 banks ordered to provide details of Perpetual Treasuries, 4 other related companies



By Shehan Chamika Silva

Colombo Fort Magistrate today directed 15 banks to provide derails relating to the bank statements of Perpetual Treasuries Ltd,  W.M Mendis & Company, Perpetual Assets Management, Perpetual Capital Holdings Ltd and Perpetual Capital Ltd.
The direction was given acceding the prosecution request so as to get comprehensive bank details of those companies into the inquiry during the time period of 2015- 2018.

Additionally, the Magistrate also directed W.M Mendis & Company to provide all the Vouchers and Invoices relating to the payments made and received by the company during the month of April, 2015 within three weeks time to the prosecution.
W.M Mendis & Company was also directed to prepare its annual audit report which is ending the month of March, 2018 within two months and tender it to the prosecution.

Meanwhile, Perpetual Treasuries Ltd owner Arjun Aloysius and its CEO Kasun Palisena were also ordered to be re-remanded till August 23 by the magistrate over the magisterial inquiry in which they were accused of abetting and conspiring with Arjuna Mahendran to misappropriate public funds worth Rs. 688 million during the Bond auction held on February 27, 2015.

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