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Bond Scam: Court released Mahendran & others from Public Property charges

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Former Central Bank Governor Arjuna Mahendran, and nine other people who were accused in the 1st Bond Scam case of 2015 were released from the charges filed under the Public Property Act, by the Colombo Permanent High Court Trial-at-Bar on Tuesday (11).

The court ruled that it cannot proceed with the charges filed under the Public Property Act by the Attorney General against the ten people accused of committing the Bond Scam of 2015.

The verdict was delivered by a 2/3 majority in the court.

The case was called up in the presence of Justices Chamath Morias, Damith Thotawatte, and Namal Balalle.

President’s Counsel Gamini Marapana had filed a preliminary objection with the court noting that charges cannot be charged against a company under the Public Property Act and noted that Perpetual Treasuries Limited which was also named as an accused is a company and not a person.

After the court accepted the objection, the defense counsel also argued that as a majority of the other accused at Directors of Perpetual Treasuries Limited, it applies to them as well, and therefore the charges under the Public Property Act filed against them cannot be taken forward.

Thereby, the Justice of the Permanent High Court Trial-at-Bar ordered for all other charges to be taken up for a trial, leaving the charges filed under the Public Property Act, on the 16th of December 2022.

The case was filed against the 10 accused under 23 counts for committing the Bond Scam on the 27th of February 2015, and causing a loss of Rs. 688 Million to the government.

The accused are:

Ex-CBSL Governor Lakshman Arjuna Mahendran

Ex-CBSL Deputy Governor P. Samarasiri

Perpetual Treasuries Limited

Arjun Joseph Aloysius

Kasun Palisena

Geoffrey Joseph Aloysius

Pushpa Chandra Gunawardena

C. Ranjan Hulugalle

Muthuraja Surendran

Ajahn Gardiye Punchihewa

(News1st)

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Probe launched over student death at Wayamba National College of Education

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The Ministry of Education (MOE) has launched an urgent investigation into the suicide of a second-year female student at the Wayamba National College of Education in Bingiriya.

The student (24), a resident of Teldeniya, Kandy, was found dead in her dormitory on May 23. Friends and family allege she faced mental distress due to harassment by lecturers.

Students held a silent protest on May 23 calling for immediate action and demanding accountability.

Police say that statements have been recorded from several persons, including lecturers and students, regarding the death.

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03 remanded over shooting of Halloluwa’s vehicle

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The Colombo Magistrate’s Court on May 24 ordered to remand 03 suspects over the shooting of Thusitha Halloluwa’s vehicle.

They have been remanded until May 29.

The remanded suspects include the shooter’s wife, who was arrested at a Maharagama housing complex.

Officers from the Colombo Crime Division (CCD), who are investigating the shooting incident further state that the other 02 arrested are the security guard of the housing complex and a person who was traveling with the shooter.

Investigations have also revealed that the security guard of the apartment complex alerted the shooter about the police arrival during the raid, leading the shooter to flee immediately.

The vehicle of Thusitha Halloluwa – the former DG of Public Relations to former President Ranil Wickremesinghe, was shot in Narahenpita on May 17.

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Basil Rajapaksa absent from court; bail not revoked

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Matara Magistrate Aruna Buddhadasa recently ordered Basil Rajapaksa – founder of the Sri Lanka Podujana Peramuna and former Finance Minister, to appear before the Matara Magistrate’s Court on November 21.

The Magistrate made the order when he took up an existing case regarding a land in the Eliyakanda area of Matara that was purchased using allegedly illegally earned money of Rs.50 million.The FCID had filed this case against Basil Rajapaksa and 04 other defendants in 2017 over the alleged purchase of a 1.5 acre land in Eliyakanda, Matara under the name of his wife’s sister, using Rs.50 million allegedly obtained through illegal means.

The first suspect in this case is Tissa Galappaththi, the second suspect is Muditha Jayakody, the third suspect is former Minister Basil Rajapaksa, and the fourth suspect is Ayomi Galappaththi, the sister of the former Minister’s wife.The first suspect in this case is Tissa Galappaththi, the second is Muditha Jayakody, the third is former Minister Basil Rajapaksa, and the fourth is Ayomi Galappaththi, the sister of Rajapaksa’s wife.

While the first 02 suspects, who are out on bail, appeared in court, Basil Rajapaksa and Ayomi Galappaththi were absent.

Deputy Solicitor General Lakmini Girihagama, representing the Attorney General’s Department, noted that while Basil had been granted court permission to travel abroad until May 23, he failed to appear without a reasonable excuse and requested that his bail be revoked and a warrant issued.

In defense, President’s Counsel Anil Silva stated that his client had booked return flights for May 18 and 19, but US doctors had advised Rajapaksa against flying for 06 months after he had fallen off a chair, sustaining damage to his neck and nerves.

Girihagama questioned the claim, stating that the X Rays only indicated a neck sprain and a minor muscle strain. Noting that the medical reports were dated March 18, 2025, it was also questioned as to why tickets were booked for May 18 and 19 if doctors had actually advised against flying for 06 months. Therefore, Girihagama called for the court to revoke bail.

President’s Counsel Silva strongly defended his client, rejecting accusations of faking illness, affirming the credibility of US medical reports, and assuring the court of his client’s presence at the next hearing, arguing there is no need for a warrant or revoke bail.

After hearing both sides, Magistrate Aruna Buddhadasa decided not to issue a warrant or revoke bail, instructing that the accused be present on the next court date. The case was postponed to November 21.

(Source: Dinamina)

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