The Appeal Court  will take up the writ application to cancel warrants on former Finance Minister Ravi karunanayake, Director of Perpetual Treasuries Limited (PTL) Arjuna Aloysius and 2 others. Karunanayake’s lawyers today filed a writ application before the Appeal Court requesting that the arrest warrant issued by the Fort Magistrate be cancelled. Last Friday(6), the Colombo Fort Magistrate Ranga Dissanayake issued arrest warrants on Karunanayake and 9 others. However, the CID was not able to arrest Karunanayake up until now. The Attorney General(AG) last Tuesday(3) directed the Acting IGP Senior DIG C.D. Wickramaratne to obtain warrants from court and arrest Karunanayake, former Central Bank Governor Arjuna Mahendran,  Aloysius, Chief Executive Officer of PTL Kasun Palisena & six other suspects over charges of conspiracy, criminal misappropriation, cheating and market manipulation in regard to the bond auctions of March 2016. Last Wednesday(5) the Colombo Fort Magistrate had imposed a travel ban on Karunanayake and 10 other suspects in the case.