Treasury Bond Scam: Writ petitions filed by Ravi, six others fixed for further inquiry | Daily News


 

Treasury Bond Scam: Writ petitions filed by Ravi, six others fixed for further inquiry

The writ petitions filed by former Finance Minister Ravi Karunanayake and six others challenging Colombo Fort Magistrate’s decision to issue arrest warrants in connection with the issuance of Treasury Bonds were yesterday fixed for further inquiry on June 29 by the Court of Appeal.

In his oral submissions, Senior Deputy Solicitor General Milinda Gunatilleke appearing for the Attorney General submitted to Court that the Police had powers to arrest Ravi Karunanayake and other respondents even without a warrant for misappropriating Rs.52 billion.

Milinda Gunatilleke further informed the court that all accused could be charged under Section 5 of the Public Property Act and thereby police are empowered to arrest them even without a warrant.

The Court of Appeal three-judge-bench comprising Justice (President) A.H.M.D. Nawaz, Justice Shiran Gunaratne and Justice Sobhitha Rajakaruna fixed the petitions for further inquiry on June 29.

On March 13, the Court of Appeal had issued an order directing former Finance Minister Ravi Karunanayake, Perpetual Treasury Limited (PTL) beneficiary owner Arjun Joseph Aloysius and five others to appear before Colombo Fort Magistrate’s Court in connection with the issuance of Treasury Bonds in March 2015.

In accordance with Court of Appeal order, seven petitioners who had been named as the suspects in the Magistrate’s Court former Finance Minister Ravi Karunanayake, PTL beneficiary owner Arjun Aloysius, PTL Chief Dealer Kasun Palisena, PTL Chairman Jeffrey Joseph Aloysius, Chitta Ranjan Hulugalle, S. Pathumanapan and Indika Saman Kumara were present before Colombo Fort Magistrate Ranga Dissanayake on March 13.

The Court of Appeal had ordered the Magistrate not to make any further order in respect of the petitioners until the Court of Appeal makes an order.

The petition, Ravi Karunanayake has been named the Attorney General, Acting IGP C.D. Wickramaratne, SSP Ampavila, Fort Magistrate Ranga Dissanayake and OIC attached to the Financial Investigation Unit of CID as respondents.

President’s Counsel Faiz Mustafa with Rienzie Arsecularatne PC, Shavendra Fernando PC, Counsel Udara Muhandiramge appeared for the petitioner Ravi Karunanayake. President’s Counsel Navin Marapana with counsel Thanuja Meegahawatte, Uchitha Wickremesinghe and Kaushalya Molligoda under the instruction of Sanath Wijewardena appeared for Arjun Aloysius. Counsel Manoj Bandara with Sudath Perera appeared for Badugoda Hewa Indika Saman Kumara. Senior Deputy Solicitor General Milinda Gunatilleke with Senior Deputy Solicitor General Haripriya Jayasundara and Senior State Counsel Lakmini Girihagama appeared for the Attorney General. 


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