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Bond Scam: Court released Mahendran & others from Public Property charges

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Former Central Bank Governor Arjuna Mahendran, and nine other people who were accused in the 1st Bond Scam case of 2015 were released from the charges filed under the Public Property Act, by the Colombo Permanent High Court Trial-at-Bar on Tuesday (11).

The court ruled that it cannot proceed with the charges filed under the Public Property Act by the Attorney General against the ten people accused of committing the Bond Scam of 2015.

The verdict was delivered by a 2/3 majority in the court.

The case was called up in the presence of Justices Chamath Morias, Damith Thotawatte, and Namal Balalle.

President’s Counsel Gamini Marapana had filed a preliminary objection with the court noting that charges cannot be charged against a company under the Public Property Act and noted that Perpetual Treasuries Limited which was also named as an accused is a company and not a person.

After the court accepted the objection, the defense counsel also argued that as a majority of the other accused at Directors of Perpetual Treasuries Limited, it applies to them as well, and therefore the charges under the Public Property Act filed against them cannot be taken forward.

Thereby, the Justice of the Permanent High Court Trial-at-Bar ordered for all other charges to be taken up for a trial, leaving the charges filed under the Public Property Act, on the 16th of December 2022.

The case was filed against the 10 accused under 23 counts for committing the Bond Scam on the 27th of February 2015, and causing a loss of Rs. 688 Million to the government.

The accused are:

Ex-CBSL Governor Lakshman Arjuna Mahendran

Ex-CBSL Deputy Governor P. Samarasiri

Perpetual Treasuries Limited

Arjun Joseph Aloysius

Kasun Palisena

Geoffrey Joseph Aloysius

Pushpa Chandra Gunawardena

C. Ranjan Hulugalle

Muthuraja Surendran

Ajahn Gardiye Punchihewa

(News1st)

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Preliminary probe reveals S’gamuwa Uni student suicided due to ragging

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Preliminary investigations have revealed that a second-year student at the Faculty of Technology of the Sabaragamuwa University committed suicide recently due to ragging, the Criminal Investigation Department (CID) has stated.

Charith Dilshan, a student studying at the Sabaragamuwa University, died by suicide on April 29.

Subsequently, the CID launched an investigation into the incident.

As a result of the investigation, a group of senior students suspected to be involved in the incident have been arrested and are currently being held in remand custody.

Officers have also recorded statements from several factions, including the university administration of the Sabaragamuwa University.

According to the findings of the investigation thus far, it has been revealed that the student committed suicide due to ragging.

It has also been reported that the student was not suffering from depression or any mental illness, the CID said.

Additionally, investigations have revealed that some senior officials of the university administration were taking steps to prevent details of the ragging incidents within the university from becoming public.

So far this year, more than 30 complaints related to ragging have been reported to the CID, with the highest number coming from the Sabaragamuwa University, exceeding 10 complaints.

Complaints have also been received from the Eastern and Oluvil universities regarding ragging incidents.

CID officers have stated that further inquiries are being conducted and strict legal action will be taken against those involved.

If students found to be involved in ragging incidents, they may face up to 20 years of imprisonment, according to the CID.

Meanwhile, police have requested university students to report any ragging-related complaints via the 1997 hotline.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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New chairman appointed to CSE

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Dimuthu Abeyesekera has been appointed as the new Chairman of the Colombo Stock Exchange (CSE).

The CSE announced that Mr. Abeyesekera brings over 35 years of experience in the capital markets and has served on the CSE Board for the past six years.

He currently serves as the Director/CEO of Asha Securities Ltd, which is affiliated with Phillip Capital Singapore, a specialized financial services organization managing assets worth over US$ 35 billion with a network of offices around the world.

Abeysekera also currently serves as the Director at Asha Financial Services Ltd, a specialised margin Trading Company in Colombo.

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03 Presidents & ex-ministers named in US$ 110mn. cattle scam!

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Former Presidents – Mahinda Rajapaksa, Maithripala Sirisena and Ranil Wickremesinghe as well as former Ministers Basil Rajapaksa, P. Harrison, Wijith Wijithamuni de Soysa, Lakshman Yapa Abeywardena and Lakshman Wasantha Perera have been found to be involved in a USD 110 million cattle import scam, NPP MP Nihal Galappathi told Parliament today (June 19)

Noting that old cows have been imported as milch cows, he said none of them will be shown any mercy.

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