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Five civil suits against PTL claiming Rs. 8.5 billion: ASG Kodagoda

4 July 2018 09:01 pm - 9     - {{hitsCtrl.values.hits}}

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During the submissions made by Additional Solicitor General Yasantha Kodagoda over the revision bail application filed by Arjun Aloysius and Kasun Palisena, it was revealed that the Attorney General had so far filed five civil cases in the District Court on behalf of five state institutes against Perpetual Treasuries Ltd (PTL).

These civil cases were on behalf of Employees Provident Fund, Employees Trust Fund, National Savings Bank, Insurance Corporation of Sri Lanka and the Pension Fund of the University Grants Commission.

The state in these lawsuits claimed a total of Rs. 8.5 billion from Perpetual Treasuries Ltd with regard to the unlawful profits gained by PTL in the Treasury Bond transactions which resulted in incurring huge losses to the above five entities. (Shehan Chamika Silva)

  Comments - 9

  • Til Wednesday, 04 July 2018 09:42 PM

    Now it's clear,politicians used Aloysis to earn money unlawfully,but when he faces trouble they turned back to him, it's very ungrateful for him

    Robbers Thursday, 05 July 2018 07:26 AM

    What about MR

    ROHAN Wednesday, 04 July 2018 09:56 PM

    AG DEPT GOING BEHIND BOND SCAM BUT THE ARE BEHAVING LIKE IDIOTS IN FRONT OF GOTABAYA CASES.

    Savior Wednesday, 04 July 2018 10:00 PM

    Good actions

    TONY Wednesday, 04 July 2018 11:12 PM

    ONLY CIVIL CASE. ANY CRIMINAL CASE COMING UP

    Ram Thursday, 05 July 2018 02:17 AM

    At the speed the court cases proceed we may not see the end result within the next 3 decades

    Ralahamy Thursday, 05 July 2018 06:09 AM

    This type white collar crime is relatively new to Sri Lanka Police and the Auditor General. They are still unraveling the complicated transactions. I wish them good luck, for the sake of poor Sri Lanka citizens.

    Jaya Thursday, 05 July 2018 07:31 AM

    Appreciate the way handling this issue by AG. But never seen similar interests on the other issues related to public money misused by politicians.

    idroos Thursday, 05 July 2018 09:20 AM

    What about pre Jan 08 2015 scams done by the king family


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