Arjun Aloysius sentenced to six months in prison for VAT evasion
Arjun Aloysius
The Colombo Magistrate’s Court has sentenced three individuals, including Arjun Aloysius, a director of W.M. Mendis & Company Ltd., to six months in prison for VAT evasion.
The case, prosecuted by the Inland Revenue Department (IRD) of Sri Lanka, involved Rs. 3.5 billion in unpaid VAT owed to the Sri Lankan government between 2016 and 2019.
Colombo Additional Magistrate Bandara Ilangasinghe delivered the sentence when the case was heard this morning (October 14).
Accordingly, Arjun Aloysius, A.R. Dinendra John, and Prasanna Kumarasiri de Silva were sentenced to six months in jail.
On November 14, 2023, the court had ordered the accused to settle the outstanding payments. The imprisonment was imposed due to their failure to comply with the court’s order.
UPDATE – 03:35 PM:
The court has rejected the bail application submitted by Arjun Aloysius, Director of W.M. Mendis & Company Ltd., along with two others who were sentenced to six months in prison.
Latest Headlines in Sri Lanka
- Sri Lanka President reviews energy sector progress, urges accountability October 15, 2024
- Ranil Wickremesinghe to address public on October 17, 2024 October 15, 2024
- FR petition filed in Supreme Court seeking re-examination of 2024 Grade 5 scholarship exam October 15, 2024
- Sri Lanka seeks to recover Rs. 3.5 Billion in VAT from imprisoned Arjun Aloysius October 15, 2024
- Sri Lanka’s passport crisis set to end Monday October 15, 2024
