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No arrest but no bail either for RaviK and Bonds Scam accused

FILE PHOTO – Former Finance Minister Ravi Karunanayake

ECONOMYNEXT – The Writ Petition filed by Perpetual Treasuries head Arjun Aloysius, former Finance Minister Ravi Karunanayake and two other co-accused in the alleged Bonds Scam challenging an arrest order against them will resume hearings on Tuesday.

On Friday they appeared in the Fort Magistrate’s Court on Friday to mark their attendance and then went back to their homes.

This is because the Court of Appeal (CoA) issued an order that they do so in response to a writ petition filed by Karunanayake, Aloysius and two others asking the court to annul arrest warrants issued by the magistrate.

On Friday morning the CoA ruled that “the best interest of all parties, including the prosecution, would be best served if all the Petitioners appear in Court on their own before the Fort Magistrate’s Court today (Friday) before 4.00 p.m. without any restraint or impediment and the learned Magistrate, Fort Magistrate Court is directed to acknowledge their presence before him today.”

The CoA also ruled that the Fort Magistrate “shall make no further orders until this Court has finally determined the propriety of his order of arrest provided the threshold of notice is decided on the next date.”

In case the accused did not appear as directed before the Fort Magistrate the CoA said there would be “no impediment to the 2nd and to the 4th Respondents to execute the warrant which is though under challenge before this court.”

That meant the police could execute the warrants and arrest the accused if they fail to appear. The accused were not granted bail.

The Attorney General was given time until Tuesday to reply.

When the accused appeared before the Fort Magistrate Ranga Dissanayake in the afternoon they were informed of the details of the CoA order and the Magistrate said he had no power to issue orders in the case.

Mobbed by Media outside the court Karunanayake said he would not comment about the case and pointed out that “we have an election to fight.”





In addition to Karunanayake and Arjun Aloysius, the others who presented themselves before the Fort Magistrate were Geoffrey Joseph Aloysius, Kasun Palisena, Tissa Ranjan Hulugalle, T Pathmanathan and Indika Saman Kumara.

Two of the accused including former Central Bank Governor Arjuna Mahendran were not present in court. The government has opened extradition processes to bring Mahendran to Sri Lanka.

The petition was heard by a bench comprising Justice A H M D Nawaz, President of the Court of Appeal and Justices Sobhitha Rajakaruna and Shiran Guneratne. (Colombo, 14 March 2020)

-Arjuna Ranawana

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  1. Mobbed by Media outside the court.. Does’nt it sound hilarious ???? If so what can you expect from the media ?
    No arrest, No bail …… Probably they did not steak some Coconuts.

    Judiciary never questioned Y they did not answer the warrant and appear in the first instance.

  2. Horu samaga heluwen. Law is equel for all (not for normal people)😂😄😨
    Our srilanka. Vote for unknown gunman.

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