header logo
Asia asset finance
Mogo Academy
Latest
Notice issued on Arjuna Mahendran to appear before court
Aug 23, 202502:31 PM
Notice issued on Arjuna Mahendran to appear before court

The Colombo Magistrate’s Court has issued a notice on former Governor of the Central Bank of Sri Lanka (CBSL), Arjuna Mahendran, who has been named as a suspect in the 2015 Central Bank bond scam, to appear before court on September 26.

 

The notice was issued by Colombo Chief Magistrate Thanuja Lakmali Jayatunga after considering a request made by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), said Ada Derana reporter.

 

Mahendran, who is currently residing in Singapore, was summoned to appear before court. 

 

It was revealed that although a notice had been issued last year, it had not been properly executed. 

 

Accordingly, the Bribery Commission requested the court to issue the notice in English to ensure proper implementation.

 

The Chief Magistrate accepted the request and accordingly issued the notice.

 

The Bribery Commission has filed the case against Mahendran under the Prevention of Corruption Act, alleging that he caused financial losses to the government by selling bonds worth over Rs. 10 billion to Perpetual Treasuries Limited during a bond auction conducted by the Central Bank of Sri Lanka on February 27, 2015.

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora