Arjun Aloysius, the owner of Perpetual Treasuries Pvt Limited (PTL) and Kasun Palisena, Chief Executive Officer of PTL yesterday filed revision applications in the Court of Appeal asking for bail.
The Magistrate of Colombo remanded them on the basis of the findings of the Presidential Commission on the bond scams.
Aloysius and Palisena applied to the High Court of Colombo for bail. Their application was refused and subsequently they filed a revision application in the Court of Appeal.
This application is to be supported shortly.