Owner of Perpetual Treasuries Limited (PTL) Arjun Aloysius and its Chief Executive Officer (CEO) Kasun Palisena have been further remanded until March 15 by the Colombo Fort Magistrate.
The two had been arrested by the Criminal Investigation Department (CID) on February 4 in connection with the treasury bond scam.
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Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
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