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* Ravi, Mahendran and others released from 11 charges in bond scam case
Mon, Dec 6, 2021, 01:41 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 06, Colombo: Colombo High Court Trial-at-Bar today ordered to release of several accused including former Finance Minister Ravi Karunanayake, former Central Bank Governor Arjun Mahendran and Perpetual Treasury Director Arjun Aloysius from 11 charges out of 22 in connection with the Central Bank Bond Scam issue in 2016.

The Bench issued the order announcing the verdict on a preliminary objection raised by the panel of lawyers, including President’s Counsel Gamini Marapana, who appeared for the accused at the commencement of the trial today.

The bench comprising High Court judges Amal Ranaraja (Chairman) Namal Balalle and Aditya Patabendige issued the order.

Indictments had been filed against Former Finance Minister Ravi Karunanayake, former Central Bank Governor Arjun Mahendran, Perpetual Treasuries Director Arjun Aloysius, its Chairman Jeffrey Joseph Aloysius, CEO Kasun Palisena, directors Ajan Gardiya Punchihewa, Sangarapillai Padumanathan, Indika Saman Kumara, Chitta Ranjan Hulugalle, Pushpa Mithragunawardena and Perpetual Treasuries Ltd., in connection with bond auction held on March 31, 2016.


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