Again W .M. Mendis & Co. Ltd loses license to produce alcohol

On the instructions of the President, the Cabinet of Ministers 05th on Monday decided to cancel the license issued to W.M. Mendis & Co. Ltd., owned by Arjun Aloysius, to produce alcohol and recommence operations.

Earlier, the Excise Department granted liquor manufacturer Mendis & Co. Ltd. to resume operations after it agreed to settle all of its tax arrears.

Earlier, Mendis & Co. Ltd., owned by Arjun Aloysius, one of the main accused in the infamous Central Bank Treasury Bond Scam, had agreed to settle its tax areas in installments and to pay scheduled taxes every 15 days.