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Tuesday, October 3, 2023

AG files appeal against granting bail to Bond Scam suspects

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Attorney General Dappula de Livera filed an appeal in the Supreme Court challenging the order of the Colombo High Court Trial-at-Bar granting bail to the suspects in the Treasury Bond Scam case involving the Bond auction in 2016, Coordinating Officer to the Attorney General State Counsel Nishara Jayaratne said.

On April 1, Former Minister Ravi Karunanayake and Seven others, who were remanded in connection with two separate cases related to the frauds that took place at the third bond auction held on March 29 and 31, 2016, were released on bail by the Colombo High Court Trial-at-Bar.

The Colombo High Court Trial-at-Bar issued the order for bail rejecting the  application made by the prosecution to have the accused remanded until the end of the case.

Accordingly, Former Finance Minister Ravi Karunanayake, Perpetual Treasuries Limited (PTL) beneficiary owner Arjun Aloysius, PTL Chief Dealer Kasun Palisena, Chairman of PTL Jeffrey Joseph Aloysius, Chitta Ranjan Hulugalle, an executive officer of the Public Debt Department of the Central Bank Sangarapillai Padumanathan and, an executive officer of the Employees Provident Fund Indika Saman Kumara were released on bail.

The Colombo High Court Trial-at-Bar granted bail to each of the accused on a cash bail of Rs. 1 million and two sureties of Rs.10 million.

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