Perpetual Treasuries (PT) owner Arjun Aloysius and its CEO Kaun Palisena were today further remanded by the Colombo Fort Magistrate until October 11. The duo are alleged to have been involved in the controversial Bond scam issue causing millions of taxpayer funds belonging to state institutions.
Earlier Arjun Aloysius and Kasun Palisena were arrested at their residences on February 4.
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The Supreme Court of Sri Lanka has ordered the Election Commission to immediately proceed with the postponed Local Government Elections.
United Petroleum (UP) was launched in Sri Lanka today and will commence retail fuel operations in September with 150 dealer owned and operated fuel stations.
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
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