Categories: Headlines

LNP – Court rejects Arjun Aloysius’ appeal against prison sentence

The Colombo Magistrate’s Court has rejected an appeal submitted by the Director of W.M. Mendis Distilleries Arjun Aloysius and two others, to be forwarded to the Colombo High Court, seeking to invalidate the prison sentence imposed on them by the court this morning (14) over VAT evasion.

Through this appeal, the defendants have also requested permission to pay the due taxes in installments, Ada Derana reporter said.

The Colombo Additional Magistrate Bandara Ilangasinghe had sentenced the Director of W.M. Mendis Distilleries, Arjun Aloysius and two others to 06 months in prison for defaulting the payment of Rs. 3.5 billion in Value Added Tax (VAT) by the company, when the case was taken up today.

The relevant case was filed against the company by the Inland Revenue Department (IRD) for defaulting the payment of Rs. 3.5 billion in taxes owed to the government during the period from 2016 to 2019.

Tyronne Jayamanne

Recent Posts

LNP – Lotus Tower extends operating hours till January 2

The Colombo Lotus Tower Management Company (Private) Limited has announced extended operating hours for the…

7 hours ago

LNP – Private sector rice imports total 67,000 MT as deadline ends

Sri Lanka Customs confirmed that a total of 67,000 metric tons of rice were imported…

7 hours ago

LNP – Gold prices surge in Sri Lanka

Gold prices in Sri Lanka have seen a notable increase, according to the latest market…

7 hours ago

LNP – Fitch upgrades Sri Lanka to ‘CCC+’

Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from…

7 hours ago

LNP – Government decides to further ease capital controls

The government has decided to further ease certain restrictions imposed on outward remittances for a…

1 day ago

LNP – Govt. extends license-free rice import period until January 10

The government has extended the temporary lifting of rice import restrictions, allowing private importers to…

1 day ago