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PTL Director Muthuraja Surendran arrested over bond scam

The Criminal Investigation Department (CID) has arrested Perpetual Treasuries Limited (PTL )Director Muthuraja Surendran over the 2016 Central Bank bond scam.

Following the arrest, Surendran was remanded until 18 of March by the Colombo Additional Magistrate.

The Colombo Fort Magistrate, Ranga Dissanayake, issued arrest warrants on Surendran, former Finance Minister Ravi Karunanayake, former Central Bank Governor Arjuna Mahendran, PTL  Director Arjun Aloysius, PTL Chief Executive Officer (CEO) Kasun Palisena & five others yesterday (6) .

The Attorney General (AG) last Tuesday (3) directed the Acting IGP Senior DIG C.D. Wickramaratne to obtain warrants from court and arrest 11 suspects under charges  of conspiracy, criminal misappropriation, cheating and market manipulation in regard to the bond auctions of March 2016.

On Wednesday (5) the Colombo Fort Magistrate imposed a travel ban on all suspects in the case.