Ravi files writ application on arrest warrant

The Court of Appeal has decided to support the writ application filed requesting to cancel the arrest warrants issued on former Minister of Finance Ravi Karunanayake, Director of Perpetual Treasuries Limited (PTL) Arjun Aloysius and 2 others tomorrow (11).

Earlier today, lawyers representing Ravi Karunanayake filed a writ application at the Court of Appeal requesting to annul the arrest warrant issued by the Fort Magistrates’ Court over the Central Bank Bond Scam.

The Attorney General (AG) last week directed the Inspector General of Police to obtain arrest warrants for Karunanayake, former Central Bank Governor Arjuna 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 Fort Magistrate’s Court on Wednesday (04) imposed a travel ban on the suspects, including former Minister Karunanayake and Mahendren.

On Friday (06), the Fort Magistrate’s Court issued an arrest warrant on 10 suspects, including Karunanayake over the Central Bank Treasury Bond Scam.

The Court issued the arrest warrants after taking into consideration the representations made by the Attorney General.

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)


  1. How could Ravi and other file writ applications when they are evading police?
    Must charge the Lawyers representing for consealing information on the whereabouts of Ravi and others……….

    • I agree totally, the law has to be changed, he is hiding from the police and the law is allowing him to do so. He should be changed for ignoring the law and order by hiding from the police.

  2. Don’t hold your breaths folks… the bond scam involves a lot of money and a lot of ‘leagalities’ etc can be bought with that kind of ‘dough’…. Duh….

  3. If Ravi goes down a lot of WB/WEF types will also go down… so, I am not expecting any justice to be served… just another ‘Punch and Judy’ or should be say ‘Karu and Karney’, show…


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