Colombo High Court Trial-at-Bar today ordered to release several accused including former Finance Minister Ravi Karunanayke, Central Bank former Governor Arjuna Mahendran from 11 charges out of 22 in connection with the Central Bank bond auction held on March 31, 2016.
Colombo High Court Trial-at-Bar held that public property charges against the accused cannot be maintained against the accused. Accordingly, the Court ordered to release the accused from eleven charges.
The indictments had been filed against Perpetual Treasuries Private Ltd, former Finance Minister Ravi Karunanayke, CBSL former Governor Arjuna Mahendran, Perpetual Treasuries Limited (PTL) beneficiary owner Arjun Aloysius, PTL Chief dealer Kasun Palisena, Chairman of PTL Jeffrey Joseph Aloysius, Chitta Ranjan Hulugalle, Muthuraja Surendran, Ajahn Gardiye Punchihewa and Badugoda Hewa Indika Saman Kumara in connection with bond auction held on March 31, 2016.
