Court orders report on W.M. Mendis & Company finance details

Published : 9:10 am  May 11, 2018 | No comments so far |  | 


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  • PC Kalinga Indatissa observes unfeasibility of bringing down Mahendran under Extradition Law 
  • Defence files written submissions over PTL representation and legality over requiring assets reports from suspects 
  • Aloysius and Palisena re-remanded till May 24

By Shehan Chamika Silva  

In the wake of prosecution’s allegation on suspicious money transactions that transpired from Perpetual Treasuries Ltd to one of its group companies, W M. Mendis & Company, the Court yesterday directed Chief Executive Officer of W M. Mendis & Company to furnish a comprehensive report on its finances to the Prosecution.

Fort Magistrate Lanka Jayaratne made this direction based on the request of the prosecution so as to investigate the matter further.  

The Prosecution sought the details in form of a report (not a form of a declaration) which is for the sole purpose of the investigation.  Meanw

hile during the proceedings, President’s Counsel Kalinga Indatissa who appeared for the suspects, in a neutral observation, said it was not possible to apply extradition law with regard to former CBSL Governor Arjuna Mahendran since that law is only related with convicts and not with suspects.

Perpetual Treasuries Ltd owner Arjun Aloysius and its CEO Kasun Palisena were ordered to be re-remanded till May 24. State Counsel Udara Karunathilake appeared for the state while PC Kalinga Indatissa and Counsel Jeewantha Jayathilake appeared for the suspects.