‘They cannot be prosecuted under public property act’ ‘They cannot be prosecuted under public property act’
Feb 05, 2018

Lawyer for Aloysius, Palisena raises objections Featured

Perpetual Treasuries owner Arjun Aloysius and CEO Kasun Palisena cannot be accused under the public property act since the money relating to the questionable Central Bank bond auction does not come under this act, claims lawyer Kalinga Indatissa.

The president’s counsel appearing for the two made this remark when Colombo Fort magistrate Lanka Jayaratne took up the matter today (05).

The suspects requested bail, but the CID objected, with additional solicitor general Yasantha Kodagoda noting that they were produced under the public property act and that the court had no jurisdiction to grant bail without a special reason.

It was at this juncture that lawyer Indatissa made the above claim.

Alosiyas jail 1
Media was present when CID arrested them

Magistrate Jayaratne asked him to make the submission in writing and remanded Aloysius and Palisena until February 16.

The two, along with ex-CB governor Arjun Mahendran, have been named suspects in the CB bond scam, and were arrested by the CID yesterday.

pics-Roshan Chathuranga

 

 

 

 

 

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