Subscribe

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

2018-07-04 21:01:51
9
6152

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, 4 July 2018 21:42

    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

    Reply : 3       20

    Robbers Thursday, 5 July 2018 07:26

    What about MR

    Reply : 6       10

    ROHAN Wednesday, 4 July 2018 21:56

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

    Reply : 11       26

    Savior Wednesday, 4 July 2018 22:00

    Good actions

    Reply : 1       17

    TONY Wednesday, 4 July 2018 23:12

    ONLY CIVIL CASE. ANY CRIMINAL CASE COMING UP

    Reply : 1       13

    Ram Thursday, 5 July 2018 02:17

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

    Reply : 1       12

    Ralahamy Thursday, 5 July 2018 06:09

    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.

    Reply : 0       10

    Jaya Thursday, 5 July 2018 07:31

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

    Reply : 0       12

    idroos Thursday, 5 July 2018 09:20

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

    Reply : 0       8

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Name is required

Email is required
Comment cannot be empty