Arjun Aloysius, director of W.M. Mendis Distilleries, and two others were released from remand custody yesterday (22) after serving part of a prison sentence for tax evasion.
The Colombo Magistrate’s Court had sentenced them to six months in prison for failing to pay Rs. 3.5 billion in Value Added Tax (VAT) owed by the company.
The case, filed by the Inland Revenue Department (IRD), covered unpaid taxes from 2016 to 2019.
Despite receiving six-month sentences, Aloysius and another individual were released after serving four months, in accordance with prison regulations.
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