CA issues order regarding Bond Scam case against Ravi K

COLOMBO (News 1st); The Court of Appeal on Tuesday issued a writ order stating that the charges filed by the Attorney General against former Finance Minister Ravi Karunanayake at the Colombo Permanent High Court Trial at Bar under the Public Property Act cannot be sustained.

Two cases were filed against Karunanayake alleging criminal misappropriation of public funds at two bond auctions conducted by the Central Bank of Sri Lanka on the 29th & 31st of March 2016.

Two writ applications filed by Former Finance Minister Ravi Karunayake challenging the two cases filed with the Permanent High Court Trial-at-Bar were taken up on Tuesday (28), where Justices Sobhitha Rajakaruna and Dhammika Ganepola issued a writ order.

These cases were filed against Ravi Karunanayake and 10 others over the alleged criminal misappropriation of public funds to the tune of over Rs. 50 Billion  at two bond auctions conducted by the Central Bank of Sri Lanka on the 29th & 31st of March 2016.

On the 4th of March 2022, the Colombo Permanent High Court Trial-at-Bar ordered to release Ex-Finance Minister Ravi Karunanayake and 10 other accused from the charge filed under the Public Property Act in the 2nd Bond Scam Case of 2016.

However, the former Minister appealed to the Court of Appeal on the charges levelled against him, claiming that they were filed illegally and thereby cannot be maintained. Accordingly, Karunanyake filed a petition seeking an order that he be released from the charges.

The Court of Appeal on Tuesday issued a writ order stating that the charges filed by the Attorney General against former Finance Minister Ravi Karunanayake under the Public Property Act cannot be sustained, following a lengthy examination.