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Bond Scam AG files indictments against 10 suspects

29 June 2019 12:10 am - 0     - {{hitsCtrl.values.hits}}

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HC summons accused on July 19 

By Shehan Chamika Silva  

The Attorney General has filed indictments against former CBSL governor Arjuna Mahendran,  Arjun Aloysius, Kasun Palisena, former deputy governor P. Samarasiri and six others in the Treasury Bond scam case. 

 Meanwhile, the High Court has summoned the accused to appear in court on July 19.  


Other suspects are -- PTL directors Jeffery Joseph Aloysius, Pushya Mithra Gunawardane, Chitta Ranjan Hulugalla, Muthuraja Surendran and Ajahn Gardiya Punchchihewa.  
They have been indicted on charges arising from the treasury bond auction held on February 27, 2015 with a face value of Rs.10.058 billion and for causing a Rs.688 million loss to the government.  


The charges are as follows:  


1. Conspiracy to commit criminal misappropriation in respect of Treasury Bonds with a face value of Rs.10.058 billion.  
2. Criminal breach of trust against the 1st and 2nd suspects and causing a loss to the Government of Rs.688,762,100.  
3. Aiding and Abetting the 1st suspect to commit criminal breach of trust.  
4. Criminal misappropriation in respect of Treasury Bonds to the face value of Rs.5 billion against the 3rd suspect.  
5. Aiding and Abetting the 3rd suspect to commit criminal misappropriation.  
6. Committing insider dealing by 3rd suspect.  
7. Aiding and abetting the 3rd suspect to commit insider dealing against all the other suspects.  


The above charges have been formulated considering all the evidence presented during the Bond Commission Inquiry conducted by the Commission of Inquiry appointed by the President and also considering the material disclosed during the investigation conducted by the CID.  


According to the Auditor General, the estimated avoidable loss suffered by the government at  February 27, 2015 was nearly Rs.688,762,100.    

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