Tuesday, September 27, 2022
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Arjun Aloysius summoned for tax fraud of Rs 167 crore

Arjun Aloysius, director of W.M. Mendis Company, has been summoned to appear before the Colombo Magistrate’s Court. Colombo Additional Magistrate T.N. Ilangasinghe had issued this order.

These summons have been issued according to a complaint made by the Inland Revenue Department that Mendis Company has committed a fraud by defaulting on the payment of a tax amount of 167 crore rupees.

Arjun Aloysius, who is also named as one of the main accused in the Central Bank bond scam, is also the owner of Perpetual Treasuries.

Earlier, Mendis Company’s alcohol production activities were also suspended, but later the relevant ban was lifted by the court.

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