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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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CID arrests driver of ‘Pilleyan’

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The Criminal Investigation Department (CID) has arrested an associate of former State Minister Sivanesathurai Chandrakanthan alias ‘Pillayan’.

The individual is said to have worked as his driver. 

The suspect was arrested over the disappearance of an University Vice Chancellor in the Eastern Province in 2006, police say.

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Gunman arrested after firing at Manampitiya church

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A suspect who opened fire at the Christ Church near Manampitiya Ayurveda Place has been arrested by the Police.

The shooting occurred around 7:00 pm yesterdat (April 18.)

The suspect, a 38-year-old resident of Main Road, Manampitiya, had fled the scene after firing a shot that damaged a church window. 

According to police investigations, the gunman approached the church gate, appeared to survey the area, then returned to the road and fired before fleeing.

No injuries or fatalities were reported.Following a tip-off, officers from the Manampitiya Police Station apprehended the suspect and seized the locally-made firearm used in the incident.

Preliminary investigations suggest the shooting stemmed from a personal dispute with the church’s pastor. Further investigations are underway.

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Fairly heavy rains expected today

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The Department of Meteorology says that showers or thundershowers will occur at several places in Sabaragamuwa, Central, Eastern and Uva provinces and in Polonnaruwa and Hambantota districts during the afternoon or night today (April 19).

The department noted that fairly heavy falls of above 50 mm are likely at some places in these areas.

Showers may occur in Western province and in Galle, Matara and Puttalam districts in the morning.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

Misty conditions can be expected at some places in Central, Sabaragamuwa and Uva provinces and in Ampara and Batticaloa districts during the morning.

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