Central Bank directed to reveal monies in PTL’s blocked RTGS account | Daily News

Central Bank directed to reveal monies in PTL’s blocked RTGS account

The Colombo Chief Magistrate Lanka Jayarathne yesterday issued an order directing the Central Bank to submit all written documents pertaining to the money belonging to Perpetual Treasuries Limited (PTL) that had been maintained in the Central Bank’s RTGS account, which have been currently blocked by the Central bank before October 28.

The Magistrate made this order when the magisterial inquiry into the Central Bank bond issue was taken up before the Colombo Chief Magistrate’s Court.

Attorney Sajitha Jayawardena appearing on behalf of Perpetual Treasuries Limited (PTL) beneficiary owner Arjun Aloysius had earlier pleaded to release the money belonging to Perpetual Treasuries Limited (PTL) that had been maintained in the Central Bank’s RTGS account prior to the controversial bond scam.Counsel Jayawardena also stated that the RTGS account had been recently blocked by the Central Bank.

Central Bank officials informed court that if they want to check their RTGS account’s balance they should handover a written letter to the Financial Board of the Central Bank.

Arjun Aloysius and Kasun Palisena were accused of allegedly aiding and abetting and conspiring with Arjuna Mahendran to misappropriate Rs. 688 million public funds during the Bond auction held on February 27, 2015.

The Magistrate also permitted Perpetual Treasuries Limited (PTL) beneficiary owner Arjun Aloysius and Kasun Palisena to appear before CID on last Sunday of each month instead of appearing weekly.

Senior State Counsel Lakimini Girihagama appearing on behalf of the Attorney General’s Department pleaded to allow the CID to send several productions before the Government Analyst, which was obtained as part of investigations into the Central Bond issue.

The Magistrate fixed further inquires for October 28.


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