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PTL Chairman Geoffrey Aloysius arrested

Bonds scam case takes a new turn

Central Bank of Sri Lanka/CBSL

Police have arrested the Chairman of Perpetual Treasuries Ltd., Geoffrey Aloysius in connection with their investigations into the alleged Bonds Scam, police headquarters said on Monday.

Earlier in the day a deputy governor of the central bank and directors of PTL a dealer in government securities linked to the biggest securities scam in the island were detained.

Retired Deputy Governor Pathinige Samarasiri, directors of Perpetual Treasuries Chithra Ranjan Hulugalle, Pasumithra Gunewardene and Muthuraja Surendran was arrested by the criminal investigation department, police spokesman Ruwan Gunaskera said.

Perpetual Treasuries was involved in securities scams involving bidding at rigged bond auctions, where larger than announced volumes were sold when Arjuna Mahendran, the father of Perpetual Treasuries chief Arjun Aloysius was the governor of the central bank.

Deputy Governor Samarasiri was in charge of debt sales in 2015 and 2016 when the scams took place.