header logo
Asia asset finance
Mogo Academy
Latest
AG wants bond scam case to proceed with two accused in absentia
Oct 13, 202110:46 AM
AG wants bond scam case to proceed with two accused in absentia
Mobitel Inner

The Attorney General has requested the Colombo Special Trial-at-Bar to continue proceedings on the 2015 February bond scam case with two of the accused in absentia, says Ada Derana reporter.

 

As per reports, former Central Bank Governor Arjuna Mahendran and a former director of Perpetual Treasuries Ajahn Gardiya Punchihewa are currently residing overseas.

 

The legal matter pertaining to criminal misappropriation of bonds was taken up this morning (October 13). Special High Court’s bench, consisting of Judges Champa Janaki Rajaratne, Damith Thotawatta and Namal Balalle sat for the hearing.

 

Additional Solicitor General Priyantha Nawana, who appeared on behalf of the Attorney General, informed the court that the Government of Singapore has initiated the extradition process for Arjuna Mahendran.

 

However, it is learned that the 10th suspect in the case, Ajahn Gardiya Punchihewa is currently residing in Malaysia, the Additional Solicitor General told the court adding that bringing him back to the island under extradition laws is practically impossible.

 

Accordingly, the Additional Solicitor General requested the court to proceed with the trial without the presence of the two defendants.

 

The Special Trial-at-Bar then scheduled the further hearing of the case for December 03.

 

Accepting a request made by the Additional Solicitor General, the Special Trial-at-Bar directed the prosecutors to keep the court up to date through a motion on the process to extradite Arjuna Mahendran.

 

The case was filed against ten suspects – former CBSL Governor Arjuna Mahendran, former CBSL Deputy Governor Paththinige Samarasiri, Perpetual Treasuries Limited (PTL) owner Arjun Joseph Aloysius, PTL CEO Kasun Oshadhi Palisena, chairman Geoffrey Joseph Aloysius, directors Pushyamithra Gunawardena, Chitta Ranjan Hulugalle, Muthuraja Surendran and Ajahn Gardiye Punchihewa – for incurring a loss of nearly Rs. 688 million to the government through criminal misappropriation of Treasury bonds during an auction held on February 27, 2015.

 

 

 

MostRead
Mobitel Upahara
VideoStories
 Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

32 dengue related deaths reported this year : Public not taking situation seriously

32 dengue related deaths reported this year : Public not taking situation seriously

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

“Dengue-related deaths could increase” Health Ministry sets up Dengue Operations Centre and Hotline

“Dengue-related deaths could increase” Health Ministry sets up Dengue Operations Centre and Hotline

No reduction in tuk, school transport service fares despite yesterday's fuel price revision

No reduction in tuk, school transport service fares despite yesterday's fuel price revision

 Seventh IMF review under EFF program in Sept. IMF calls for exchange rate flexibility in Sri Lanka

Seventh IMF review under EFF program in Sept. IMF calls for exchange rate flexibility in Sri Lanka

“Catholic Church influenced Easter Sunday probe” Global Sri Lankan Forum demands independent team

“Catholic Church influenced Easter Sunday probe” Global Sri Lankan Forum demands independent team

President’s recent speech made no reference to actual concerns – MP Dilith

President’s recent speech made no reference to actual concerns – MP Dilith

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

Colombo EV Motor Show 2026 officially inaugurated

Colombo EV Motor Show 2026 officially inaugurated

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Lassana Flora