News

Two trial-at-bars for Bond scams

Chief Justice (CJ) Jayantha Jayasuriya PC has appointed two trial-at-bars at the request of the Attorney General (AG) Dappula De Livera PC, to hear the cases involving the Central Bank of Sri Lanka (CBSL) Treasury Bond scams.

These cases concern two Bond auctions that took place in March 2016, stated Co-ordinating Officer to the AG State Counsel Nishara Jayaratne.

Previously, the AG had requested the CJ to appoint a trial-at-bar to try the suspects of the CBSL Treasury Bond scam of 2016. The suspects are former Finance Minister and incumbent MP Ravi Karunanayake, former CBSL Governor Arjuna Mahendran, the latter’s son-in-law, Arjun Aloysius, who is linked to the Primary Dealer Perpetual Treasuries Ltd., and several others.

The AG had then requested the CJ to appoint another trial-at-bar for the CBSL Treasury Bond scam that took place during another Bond auction on 31 March 2016. The accused in this particular scam too are Karunanayake, Mahendran, Aloysius, and others.