The Permanent High Court-at-Bar, on Friday, issued notices on former Central Bank Governor Arjuna Mahendran, his son-in-law, Perpetual Treasuries Director Arjun Aloysius and eight others to appear in Court on July 19, over the Central Bank bond scam. The Court issued the notices after the Attorney General filed indictments accusing them of causing a loss [...]

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Bond scam: Court issues notices on suspects

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The Permanent High Court-at-Bar, on Friday, issued notices on former Central Bank Governor Arjuna Mahendran, his son-in-law, Perpetual Treasuries Director Arjun Aloysius and eight others to appear in Court on July 19, over the Central Bank bond scam.

The Court issued the notices after the Attorney General filed indictments accusing them of causing a loss of Rs.688 million to the State. Charges have been filed against the accused on 23 counts in respect of wrong-doing at the Central Bank Bond Auction held on February 27, 2015.

Indictments were filed against the following 10 accused: Former Central Bank Governor Arjuna Mahendran, former Central Bank Deputy Governor Paththinige Samarasiri, Perpetual Treasuries Limited (PTL), PTL Director Arjun Joseph Aloysius, PTL Chief Executive Officer Kasun Oshadhee Palisena, PTL Chairman Jeffery Joseph Aloysius and PTL Directors Pushya Mithra Gunawardane, Chitta Ranjan Hulugalla, Muthuraja Surendran and Ajahn Gardiya Punchihewa.

The AG’s Department has informed court that they intend to summon 115 witnesses and present 236 documents in court to prove their charges.

The Permanent High Court-at-Bar comprises High Court Judges Sampath Wijerathna (President), Sampath Abeykoon and Champa Janaki Rajarathna.

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