AG to inform court on decision regarding exoneration of RK from CB bond case

The three Judges Damith Totawatte, Manjula Thilakaratna and Mohamed Irshadeen consequent to Counsel defending Ravi Karunanayake submitting court that the Court of Appeal after hearing a writ petition filed in the Court of Appeal by Ravi Karunanayake had maintained that the High Court case filed against Ravi Karunanayeka cannot be maintained and he should be discharged from all charges against him.

However state Counsel objecting stated that the Attorney can appeal against the Appeal Court decision within the stipulated period of time.the State Counsel also informed the court that there are 42 days more for the Attorney General to take a decision and to allow the Attorney General to consider it.

The Court postponed the case for June 20 for the Attorney General to inform the Court over his decision.

The Attorney General has framed indictments against ex-finance

Minister Ravi Karunanayake, ex-central Bank Governor Arjuna Mahendran, and officials of a primary dealer in government securities, requesting trial by a Special High Court to inquire over the Central Bank bond case.

Charges had also been framed against Chairman of Perpetual Treasuries Arjun Aloysius, Chief Executive Kasun Palisena, Directors, and Sangarapillai Padumanathan, an executive officer at the Public Debt Department of the Central Bank and Indika Saman Kumara, from the Employees Provident Fund. They have been charged in relation to a bond auction held on March 29, 2016.

Charges were framed for violating the penal code, encouraging and conspiring to misappropriate public property .