Ravi K, Mahendran Bond Case Postponed Until October

COLOMBO (News 1st). The Colombo High Court ordered that the case filed against 11 accused, including former Finance Minister Ravi Karunanayake and former Central Bank Governor Arjuna Mahendran, in connection with the Central Bank Bond Scam, be recalled on October 4.

The order was issued by Colombo High Court Judge Lanka Jayaratne.

During today's proceedings, the High Court Judge ordered that the case be postponed until the appointment of a new Permanent Trial-at-Bar, noting that the previously appointed three-judge bench assigned to hear the case had not yet been fully constituted.

The Attorney General has filed the case against former Finance Minister Ravi Karunanayake, former Central Bank Governor Arjuna Mahendran, Pattinige Samaraweera, Arjun Aloysius, and several others under 32 indictments.

The charges relate to the bond auction held on March 29, 2016, which allegedly caused a loss of Rs. 36,980 million to the State.