Arrest warrant for CB ex-Governor Mahendran | Daily News

Arrest warrant for CB ex-Governor Mahendran

Moves to apprehend the fugitive former Central Bank Governor Arjun Mahendran, are firming up as court issued an arrest warrant for the primary accused in the multi-billion-rupee Central Bank treasury bond scam.

The Permanent Trial-at-Bar bench of the Colombo High Court yesterday issued a warrant written in English through the Interpol for the arrest of the former Bank Governor who is currently evading courts by residing overseas.

The warrant was expected after Attorney General sought a warrant in terms of Section 63 of the Criminal Procedure Code, since there are reasons to believe that the first accused Mahendran had absconded or would not obey the summons. The Attorney General had provided reasons in writing to court through an affidavit.

Meanwhile, the Trial-at-Bar bench, comprising Judges Sampath Abeykoon (President), Sampath Wijeratne and Champa Janaki Rajaratne, issued summons directing Ajahn Gardiya Punchihewa to be appear in Courts. He is the tenth accused in the Central Bank bonds scam case, a director PTL, who was also not present in Court and Court was informed that he, too, is residing in Singapore.

The Court ordered the prosecution to submit a report regarding the tenth accused on December 4.

Seven out of the ten accused in the Rs. 10 billion worth Central Bank bond scam, have now been served with criminal indictments in the Colombo High Court Trial-at-Bar. The seven served indictments included Perpetual Treasuries Limited (PTL) beneficiary owner Arjun Joseph Aloysius.

Criminal indictments have been filed in this case against former Central Bank Governor Arjuna Mahendran, former Bank Deputy Governor P. Samarasiri, Perpetual Treasuries Limited (PTL), the PTL beneficiary owner Arjun Joseph Aloysius, PTL Chief dealer Kasun Palisena, Chairman of Perpetual Treasuries Limited Jeffrey Joseph Aloysius, PTL directors Pushya Mithra Gunawardena, Chitta Ranjan Hulugalle, Muthuraja Surendran and Ajahn Gardiya Punchihewa.

According to the indictments, all ten accused have been charged with conspiracy to commit criminal misappropriation in respect of treasury bonds to the face value of Rs.10.058 billion and Mahendran and Samarasiri have been charged with criminal breach of trust in respect of Treasury Bonds to the face value of Rs. 10.058 billion resulting in a loss to the government of Rs.688,762,100.

Former Deputy Governor P. Samarasiri is accused of abetting the former Central Bank governor Arjuna Mahendran to commit criminal breach of trust in respect of Treasury Bonds. The PTL is accused of insider dealing and criminal misappropriation in respect of Treasury Bonds to the face value of Rs 5 billion. Mahendran, Samarasiri, Aloysius, Palisena and the director board of PTL are accused of abetting PTL to commit insider dealing and criminal misappropriation.

The Charges have been presented under the Public Property Act and Registered Stocks and Securities Ordinance. The Attorney General has named 115 individuals as prosecution witnesses and further listed 236 documents as production items. The supporting evidence in the form of court productions is understood to number over 1 million pages of documents.

Additional Solicitor General Priyantha Nawana appeared for the Attorney General. President’s Counsel Gamini Marapana with Navin Marapana PC and counsel Hafeel Farisz appeared for the accused.

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Arrest Warrant issued on Arjun Mahendran over CB Bond Scam (14:00)

The Permanent Trial-at-Bar bench today issued a warrant written in English through the Interpol for the arrest of former Central Bank Governor Arjun Mahendran who is currently evading courts by residing overseas in connection with the Central Bank bond scam case.


 

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