Decision on issuing arrest warrants against Ravi & 11 others today

Decision on issuing arrest warrants against Ravi & 11 others today

The Colombo Fort Magistrate’s Court will deliver the decision on whether arrest warrants will be issued on former Finance Minister Ravi Karunanayake and 11 others today (06).

On the 3rd of March, the Attorney General directed the Acting IGP to obtain arrest warrants against 12 suspects in the Central Bank bond scam case including former Finance Minister Ravi Karunanayake, former CBSL Governor Arjuna Mahendran and PTL owner Arjun Aloysius.

The following day, Criminal Investigation Department (CID) presented submissions on the matter to the Colombo Fort Magistrate’s Court.

Considering the facts, the magistrate has barred the suspects from leaving the country.

They are to be arrested on charges of conspiracy, criminal misappropriation, cheating and market manipulation in respect of the bond auctions of March 2016.

The Attorney General Dappula De Livera states that there is reasonable suspicion against the following individuals with regard to the criminal wrongdoings which had occurred during the treasury bond issuances on March 29 and March 31, 2016 and that they should be considered as suspects:

1. Perpetual Treasuries Limited
2. Sandesh Ravindra Karunanayake
3. Lakshman Arjuna Mahendran
4. Arjun Joseph Aloysius
5. Palisena Appuhamilage Don Kasun Oshada Palisena
6. Geoffrey Joseph Aloysius
7. Chitta Ranjan Hulugalle
8. Muthuraja Surendran
9. Ajahn Gardiye Punchihewa
10. Thuyya Handiyage Buddhika Sarathchandra
11. Sangarapillai Pathumanapan
12. Badugoda Hewa Indika Saman Kumara