Travel ban imposed on Ravi and other suspects

04 Mar, 2020

The Fort Magistrate?s Court imposed a travel ban on 10 suspects, including former Minister Ravi Karunanayake and former Governor of the Central Bank of Sri Lanka (CBSL) Arjuna Mahendren, over the Central Bank Treasury Bond Scam.

The court announced the verdict on whether or not to issue arrest warrants on the suspects will be delivered on 06 March.

The Attorney General (AG) yesterday directed the Inspector General of Police to obtain arrest warrants for Karunanayake, Mahendran, Director of Perpetual Treasuries Limited (PTL) Arjun Aloysius, CEO of PTL Kasun Palisena, former Director of the Public Debt Department of CBSL Sarathchandra and several others.

The Attorney General?s Coordinating Officer, State Counsel Nishara Jayaratne said the order was issued over the Central Bank Bond Scam in 2016.

She said the warrant has been sought on charges of conspiracy, criminal misappropriation, cheating and market manipulation in respect of bond auctions of March 2016. (Colombo Gazette)

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