Chairman of Perpetual Treasuries company Geoffrey Aloysius, the father of controversial businessman Arjuna Aloysius, has been arrested by the CID. 

The arrest was made in connection with the ongoing CID investigations into the Treasury Bonds scam. 

In addition to Geoffrey Aloysius, three other directors of Perpetual Treasuries were also arrested by the CID earlier today. 

Among them is Chitra Ranjan Hulugalle, a newly-appointed Director at the state-owned Associated Newspapers of Ceylon Limited (ANCL). 

Arjuna Aloysius and Perpetual Treasuries CEO Kasun Palisena were in remand for nearly a year in connection with the same investigation. They were released on bail earlier this year.