UPDATED : Court orders CID to enforce warrants on Mahendran & Punchihewa over BOND II

UPDATED : Court orders CID to enforce warrants on Mahendran & Punchihewa over BOND II

UPDATED : Court orders CID to enforce warrants on Mahendran & Punchihewa over BOND II

Written by Zulfick Farzan

17 Jun, 2020 | 2:01 pm

Colombo (News 1st);  Colombo Fort Magistrate Ranga Dissanayake ordered the Criminal Investigations Department to enforce the warrants issued for the arrest of fugitive Former Central Bank Governor Arjuna Mahendran and Ajahn Gardiye Punchihewa with regard to the 2016 Treasury Bond Scam.

The warrants were issued by the court on the 06th of March with regard to a complaint filed under several charges including the criminal misappropriation of 51.98 Billion Rupees in Central Bank bond auctions on March 29 and March 31, 2016.

The CID was ordered to produce Ex-Director of Perpetual Treasuries Limited Muthurajah Surendran, suspect number 08 in the case, in court at the next court session.

The CID filed a complaint citing criminal misappropriation in the Central Bank bond auctions on March 29 and March 31, 2016.

Considering the application, Fort Magistrate Dissanayake issued warrants against 10 suspects including Former Finance Minister Ravi Karunanayake, former Central Bank Governor Arjuna Mahendran, and Beneficial Owner of Perpetual Treasuries Limited Arjun Aloysius.

Thereafter 07 suspects including Ravi Karunanayake filed applications with the Court of Appeal.

Considering the application, the Court of Appeal ordered the Fort Magistrate on the 13th of March not to proceed with the order given by the Magistrate’s Court.

Today, the Magistrate’s Court ordered the complaint be called up, on the 09th of September again.

In addition, the CID was ordered to produce a report to the court on the measures it would take to enforce the warrant issued on Arjuna Mahendran and Ajahn Gardiye Punchihewa.

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