Indictments have been filed against former Central Bank Governor Arjuna Mahendran, Former Deputy Governor of the Central Bank P. Samarasiri, Perpetual Treasuries Limited (PTL), the PTL beneficiary owner Arjun Joseph Aloysius, PTL Chief dealer Kasun Palisena, Chairman of Perpetual Treasuries Limited Jeffrey Joseph Aloysius, PTL directors Pushya Mithra Gunawardena, Chitta Ranjan Hulugalle, Muthuraja Surendran and Ajahn Gardiya Punchihewa.

The Trial-at-Bar bench comprising High Court Judges Sampath Abeykoon (President), Sampath Wijeratne and Champa Janaki Rajaratne yesterday issued summons on ten accused to be appear in court on July 19.According to the indictments all ten accused have been charged for conspiracy to commit criminal misappropriation in respect of treasury bonds to the face value of Rs.10.058 billion and former Governor Mahendran and former Deputy Governor Samarasiri have been charged with criminal breach of trust in respect of treasury bonds to the face value of Rs. 10.058 billion resulting in a loss to the government of Rs 688,762,100. Former Deputy Governor P. Samarasiri is accused of abetting the former Central Bank Governor Arjuna Mahendran to commit criminal breach of trust in respect of treasury bonds.

The PTL is to be accused of insider dealing and criminal misappropriation in respect of Treasury Bonds to the face value of Rs 5 billion. Mahendran, Samarasiri, Aloysius, Palisena and the director board of PTL are accused of abetting PTL to commit insider dealing and criminal misappropriation. The Charges have been presented under the Public Property Act and Registered Stocks and Securities Ordinance. The Attorney General has named 115 individuals as prosecution witnesses and further listed 236 documents as production items