The bail order regarding the third alleged Bond Scam amounting to Rs.15 billion held on March 30, 2016, against former Finance Minister Ravi Karunanayake and seven others will be delivered by the Colombo High Court Trial-at-Bar today (April 1).
The eight accused including former Finance Minister Ravi Karunanayake have been further remanded until today.
The matter was called up in the presence of High Court Justices Amal Ranaraja, Amal Balalle and Adithya Patabendige. They have been charged for the scam allegedly committed at the Central Bank Bond auctions that took place on March 29, and March 31, 2016.
Former Finance Minister Ravi Karunanayake, Perpetual Treasuries Limited (PTL) beneficiary owner Arjun Aloysius, PTL Chief Dealer Kasun Palisena, Chairman of PTL Jeffrey Joseph Aloysius, Chitta Ranjan Hulugalle, an Executive Officer of the Public Debt Department of the Central Bank Sangarapillai Padumanathan and an Executive Officer of the Employees Provident Fund Indika Saman Kumara are in remand custody.
