CJ permits AG to file indictments against Bond Scam suspects at Special High Court

13 June 2019 - 64   - 1

The Chief Justice (CJ) has permitted the Attorney General (AG) to file indictments against ten persons including former Central Bank governor Arjuna Mahendran at the Special High Court.

Charges will be filed against the suspects under Section 5 (1) of the Public Property Act for plotting and abetting the scam while selling treasury bonds worth Rs 10,058 billion at an auction on February 27, 2015.

The Central Bank's former Governor Mahendran and Deputy Governor P. Samarasiri have been primarily accused of causing losses worth Rs 688,762,100 to the government as a result of the bond scam.

These losses had been caused after Perpetual Treasuries Ltd – owned by Mr. Mahendran’s son-in-law Arjun Aloysious, had placed a bid of Rs 15 billion in order to illegally purchase treasury bonds worth Rs 5 billion.

Accordingly, charges have been filed against the two top officials of the Central Bank under Section 56 of the Registered Stock and Securities Ordinance.

The other suspects in the case have been charged for divulging confidential information of the Central Bank to a third party entity.

  Comments - 1

  • umberto gui Friday, 14 June 2019 02:59 PM

    How about taking up Thajudeen case? Lasantha's case? They were committed long before the so called bond scam. Why is the AG department and CJ selective in trying cases? Politics again is taking over the judicial service in Sri Lanka.

    Reply : 0       0

    Leave a comment

Top Stories

Not in a hurry to take a decision on resuming office as minister : Hakeem

Former Minister Rauff Hakeem has said that while the President himself asked him to resume duties as a minister, he was not in a hurry to ...

25 June 2019 - Views : 3

PM requests for reduction in aircraft landing charges to attract more tourist flights

24 June 2019

Hyrax Oil Lubricant Blending plant declared open in Muthurajawela

24 June 2019

Seventeen suspects further remanded over Rathgama killings

24 June 2019



Features & Analysis

Army personnel complete Chemical Biological Radiological and Nuclear (CBRN) training

The Sri Lanka School of Military Engineering at Embilipitiya as a supportive follow-up of the 7th Army to Army Staff ...

Monthly lecture of the Wildlife and Nature Protection Society on Climate Change and our responsibility

The monthly lecture of the Wildlife and Nature Protection Society will take place today at the BMICH on the them...

Ministry of Crab to hold fundraiser for Easter victims at Shangri-La Hotel at The Shard in July

Ministry of Crab, will hold a fundraiser for victims of this year’s Sri Lanka attacks with a charity pop-up res...

Embassy of Sri Lanka gifts two Buddha statues to the Embassy of Cambodia in Berlin

The Embassy of Sri Lanka in Berlin gifted two Buddha statues to the Embassy of Cambodia in Berlin, upon a request mad...