Magistrate refuses to grant bail to Arjun and Kasun in bond case

The Colombo Fort Magistrate today refused to grant bail to Perpetual Treasuries head Arjun Aloysius and Chief Executive Officer Kasun Palisena.

The Colombo Fort Magistrate ordered that Arjun Aloysius and Kasun Palisena be further remanded till March 2.

Arjun Aloysius and Kasun Palisena are in remand prison after being arrested over the Central Band treasury bond scam. (Colombo Gazette)


  1. Arjun Aloysius and Palisena are mere suspects who have had a travel ban imposed on them. Both were taken into custody on 4th February 2018 (independence day) by the CID in the early hours of the morning. Interestingly News First was present filming the arrest – who notified them? This arrest was a political stunt, which clearly did not work for the president. The two who were refused bail are only suspects – why refuse bail (is this a ransom for Arjuna Mahendran to return. Wake up Sri Lankan’s does this come under the public property act?

    The courtroom fiasco on 16th February 2018 was appalling on the day the suspects were refused bail. In a courtroom full of lawyers the comment passed by lawyers representing the AG’s Department to the lawyers of the suspects was “ although PTL’s assets are frozen don’t worry your salaries will be released”. This was received by an uproar of laughter not only by lawyers but also by the Judge Lanka Jayaratne.

    A sad sight to see that the learned profession of lawyers and the judge had absolutely no feelings for the two suspects (not yet proven guilty) or their families in the courtroom. A comment of this nature is equivalent of the medical profession stating – I will operate on you even if you die as long as I am paid. Are there no ethics in the courtroom? In a strong Buddhist Democratic country like Sri Lanka one would expect a fair , ethical judiciary service with humanity.

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