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Event

Central Bank bond transactions case

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Details

Court

Permanent High Court-at-Bar, Western Province

Charges

23 counts under the Public Property Act and the Registered Stocks and Securities Ordinance, over the Treasury bond auction of 27 February 2015

Allegation

Losses of over US$11 million to the state

Status

Indictments served on eight accused on 19 July 2019; proceedings continuing as of August 2026, according to the Public Security Minister

Appears on

Politicians and investigators

Connections (10)

• Arjuna Mahendran / Wanted in / Central Bank bond transactions caseAllegation
  • He was indicted in June 2019 before the Permanent High Court at Bar for causing losses of over US$11 million. The Public Security Minister said there was a legal barrier to extraditing him from Singapore, where he lives as a citizen; Singapore had declined an earlier request.27 Aug 2026 · Newswire · Legal hurdle to extraditing Arjuna Mahendran from Singapore, Minister says
  • In a separate money laundering complaint by the CID against Perpetual Treasuries and others, the Colombo Chief Magistrate ordered open warrants for him reissued on 11 December 2025 after he did not appear.11 Dec 2025 · Newswire · Arrest Warrant Reissued for Arjuna Mahendran in Money Laundering Probe
• Perpetual Treasuries Ltd / Accused in, indictment served July 2019 / Central Bank bond transactions caseAllegation
  • The Permanent High Court-at-Bar served indictments on eight accused, including Perpetual Treasuries Limited, on 19 July 2019 and granted them bail. The Attorney General had presented 23 counts under the Public Property Act and the Registered Stocks and Securities Ordinance. No verdict is reported.19 Jul 2019 · Ada Derana · Aloysius and 7 others served indictments; granted bail
• Arjun Aloysius / Named as a defendant in, 2019 / Central Bank bond transactions caseAllegation
  • The defendants listed in the case include Arjun Aloysius, owner of Perpetual Treasuries Limited. The indictment was served on 19 July 2019 and no verdict is reported.19 Jul 2019 · Ada Derana · Aloysius and 7 others served indictments; granted bail
• Kasun Palisena / Named as a defendant in, 2019 / Central Bank bond transactions caseAllegation
  • The defendants listed in the case include Kasun Oshadhi Palisena, the company’s chief executive. The indictment was served on 19 July 2019 and no verdict is reported.19 Jul 2019 · Ada Derana · Aloysius and 7 others served indictments; granted bail
• Paththinige Samarasiri / Named as a defendant in, 2019 / Central Bank bond transactions caseAllegation
  • The defendants listed in the case include former Central Bank Deputy Governor Paththinige Samarasiri. The indictment was served on 19 July 2019 and no verdict is reported.19 Jul 2019 · Ada Derana · Aloysius and 7 others served indictments; granted bail
• Geoffrey Aloysius / Named as a defendant in, 2019 / Central Bank bond transactions caseAllegation
  • The defendants listed in the case include Geoffrey Joseph Aloysius, the company’s chairman. The indictment was served on 19 July 2019 and no verdict is reported.19 Jul 2019 · Ada Derana · Aloysius and 7 others served indictments; granted bail
• Pushyamithra Gunawardena / Named as a defendant in, 2019 / Central Bank bond transactions caseAllegation
  • The defendants listed in the case include Pushyamithra Gunawardena, a director of the company. The indictment was served on 19 July 2019 and no verdict is reported.19 Jul 2019 · Ada Derana · Aloysius and 7 others served indictments; granted bail
• Chitta Ranjan Hulugalle / Named as a defendant in, 2019 / Central Bank bond transactions caseAllegation
  • The defendants listed in the case include Chitta Ranjan Hulugalle, a director of the company. The indictment was served on 19 July 2019 and no verdict is reported.19 Jul 2019 · Ada Derana · Aloysius and 7 others served indictments; granted bail
• Muthuraja Surendran / Named as a defendant in, 2019 / Central Bank bond transactions caseAllegation
  • The defendants listed in the case include Muthuraja Surendran, a director of the company. The indictment was served on 19 July 2019 and no verdict is reported.19 Jul 2019 · Ada Derana · Aloysius and 7 others served indictments; granted bail
• Ajahn Gardiye Punchihewa / Named as a defendant in, 2019 / Central Bank bond transactions caseAllegation
  • The defendants listed in the case include Ajahn Gardiye Punchihewa, listed as the tenth defendant. The indictment was served on 19 July 2019 and no verdict is reported.19 Jul 2019 · Ada Derana · Aloysius and 7 others served indictments; granted bail