CB bond scam: Hulugalla an American citizen!

CB bond scam: Hulugalla an American citizen!

25 March 2019 02:09 pm

Perpetual Treasuries Chairman Geoffrey Aloysius was also arrested over the Central Bank bond scam.

He was arrested by the Criminal Investigation Department (CID).

About Hulugalla

It is reported that Chitra Ranjan Hulugalla, a director of Perpetual Treasuries who was arrested today morning over the bond scam, is an American citizen. The CID is carrying out investigations to find out whether he has a dual citizenship in Sri Lanka.

He is a resident of One Galleface at Shangri-La. He was arrested near the rail gate in Slave Island while he was on his way to assume duties as the Financial Director of the Lakehouse. The position was given to him by Minister Ruwan Wijewardena.

JVP leader Anura Kumara Dissanayake recently questioned in Parliament how an official of Perpetual Treasuries can be appointed to state-run media institution Lakehouse. Prof. Ashu Marasinghe, on behalf of Minister Ruwan Wijewardena, said, “the individual who served as the acting official was jailed for financing the LTTE. He was replaced.”

The person he referred to is Dushantha Basnayake. But the Supreme Court had ruled that arresting Dushantha Basnayake over the allegations in question, is illegal. We are waiting to hear what Prof. Ashu Marasinghe has to say about Hulugalla.

Telephone calls from UNF

After the arrest of these suspects today morning, the CID started receiving telephone calls from the members of the UNF, source said.

Investigations are being carried out by Assistant Police Superintendent Ampawila and Police Inspector Dharmalatha. The suspects will be produced before the court.