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Bond scam: indictments served, 7 accused granted bail

The Attorney General has asked the Permanent Trial-at-Bar hearing the Bond Commission case to issue an arrest warrant against the former Governor of the Central Bank Arjuna Mahendran.

Mahendran who is the first accused in the alleged multi-billion rupee scam was not in court and is believed to be in Singapore.

Senior Additional Solicitor-General Priyantha Nawana made this request and also asked the court to summon the 10th accused in the case Ajan Gargi Punchihewa.

He is also said to be in Singapore.

Courts will rule on these requests on July 24

Meanwhile, the judges granted bail to the seven other accused which included Jeffrey Joseph Aloysius, Chairman of Perpetual Treasuries Ltd., the company at the center of the alleged scam.

They were enlarged on Rs 10 million cash bail and two sureties of Rs. 2.5 million each.

Arjuna Aloysius, his father and seven others were served indictments in the case before being granted bail.

PTL and nine others are accused of defrauding the government of Sri Lanka of some US$140 million by rigging the 2015 government Bond Issue.

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