The Attorney General, Dappula de Livera has requested the Chief Justice to appoint a three-judge High Court trial-at-bar to hear the case regarding the bond fraud related to the 3rd bond auction held on March 31, 2016.
The AG recently submitted the charges accusing former Finance Minister Ravi Karunanayake, former Central Bank Governor Arjuna Mahendran, Perpetual Treasuries Limited owner Arjun Aloysius and eight others in the case.
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The AG had noted that a trial-at-bar was required as the accused had created major losses to the country through their actions. The Attorney General also noted that there was a loss of public confidence in the Central Bank as a result of the scam.
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