Controversial businessman Arjun Aloysius, along with two directors of Mendis Company, has been charged with evading over Rs. 1 billion in VAT payments. The Inland Revenue Department filed the case in Colombo, reigniting scrutiny over Aloysius, who was previously convicted in a similar tax fraud case.
The Department of Inland Revenue has filed legal action against Arjun Aloysius, Anthony Randev, and Jinendra John, directors of Mendis Company, over allegations of evading over Rs. 1 billion in Value Added Tax (VAT) due to the government.
The case was filed before Colombo Additional Magistrate Pavithra Sanjeewani Pathirana, who today issued notice on the three suspects, ordering them to appear in court on October 13.
Representing the Commissioner General of Inland Revenue, Counsel Dinesh Perera told the court that the accused failed to pay VAT due for the 2019/2020 financial year, thereby violating Sri Lanka’s tax laws.
The non-payment is considered a punishable offense under the country’s revenue code, and authorities are now seeking legal redress for the multi-billion rupee tax fraud.
This is not the first time Arjun Aloysius has faced legal trouble over tax issues. In a previous case, he was found guilty and sentenced to six months in prison over a similar VAT-related offense.
The new charges have reignited public attention on Aloysius, a controversial figure also linked to high-profile financial scandals in Sri Lanka, including the bond scam.
The Inland Revenue Department’s latest action signals renewed efforts to hold corporate offenders accountable and recover unpaid government revenue from large-scale fraud cases.
