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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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Date announced for Grade 05 scholarship exam

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The 2023 Grade 05 scholarship exam will be held on 15 October, the Department of Examinations says.

Accordingly, the exam will be held at 2,888 centres across the country, Commissioner General of Examinations – H. J. M. Amith Jayasundara said.

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Nadeesha wins Silver at Asian Games

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Nadeesha Dilhani Lekamge has won the silver medal in the women’s javelin throw event at the 2023 Asian Games currently being held in Hangzhou, China.

She won the silver with an impressive throw of 61.57m which is also her personal best.

India’s Annu Rani won the gold medal in the event while China’s Lyu Huihui won the bronze medal.

This is the first athletics medal for Sri Lanka at the Asian Games in 17 years and only the second medal for the island nation so far this year.

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Fish processing unit at Oluwil to be leased

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The cabinet has previously given approval to reactivate the unused fish processing plant in the Oluwil fishing port premises and provide facilities to the TES (Private) Company Limited to run fish processing activities.  

Accordingly, the Cabinet of Ministers approved the proposal presented by the Minister of Fisheries to lease the fish processing unit located in the Oluwil Ports Complex to TES (Private)  Company Limited for a period of 10 years subject to the relevant rent being charged monthly, as recommended by the Cabinet Appointed Negotiation Committee.

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