Arjuna Mahendran Absent as Bond Scam Case is Taken Up Again

COLOMBO (News 1st); The Colombo High Court today ordered that the case filed against ten accused, including former Central Bank Governor Arjuna Mahendran, over the Central Bank bond scam, be recalled on November 24 for a pre-trial conference.

The case filed against ten accused over the Central Bank bond scam was taken up today before the Permanent Trial-at-Bar comprising Judges Priyantha Liyanage, Viraj Weerasuriya, and Tilakaratne Bandara.

The accused present before court included Perpetual Treasuries Limited, Perpetual Treasuries directors Geoffrey Aloysius and Arjun Aloysius, the company's Chief Executive Officer Kasun Palisena, as well as Pushya Mithra Gunawarden, Chitta Ranjan Hulugalle, Muthuraja Surendran, and Saman Kumara.

The first accused, Arjuna Mahendran, and the sixth accused were not present before court.

The Attorney General has filed this case against the accused under 23 indictments, including allegations that the bond auction held on February 27, 2015, caused a loss of Rs. 688 million to the State.