HC serves indictments on Ravi and Aloysius dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
Ravi Karunanayake & Arjun Aloysius indicted
Ravi Karunanayake & Arjun Aloysius indicted
Written by
Share:
Colombo (News 1st); Indictments were filed against Ex-Finance Minister Ravi Karunanayake & the beneficial owner of Perpetual Treasuries Limited Arjun Aloysius at the Colombo High Court on Friday (05).
After the indictments were filed the Colombo High Court Judge ordered for the accused to be released on a cash bail of Rs. 500,000 each and two personal bails for each accused amount to Rs. 05 Million each.
The Colombo High Court Judge imposed several conditions when granting bail including an overseas travel ban until the conclusion of the trial.
The matter will be called up again on the 02nd of March 2021.
Writ petitions filed by Ravi and six others fixed for argument dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
By Bandula SirimannaView(s):
Investigators have unearthed a massive tax evasion of more than Rs.6 billion by W.M. Mendis & Co. Ltd one of the renowned liquor manufacturers in Sri Lanka owned by Central Bank bond scam suspect Arjun Aloysius. It has also defaulted Rs. 1.1 billion in excise duty up to now inflicting a massive loss to the Excise Department, according to a recent investigation by the Inland Revenue Department (IRD).
This company has not paid necessary corporate income tax payment amounting to Rs. 2.63 billion and payment of VAT amounting to Rs. 3.55 billion to IRD during the previous regime and the IRD has taken legal action to recover these dues.