Court Orders Fresh Warrants for Arjuna Mahendran

COLOMBO (News 1st); The Colombo Magistrate’s Court on Thursday (11) directed the Criminal Investigation Department (CID) to re-issue open warrants for the arrest and production of former Central Bank Governor Arjuna Mahendran and Ajahn Gardier Punchihewa, in connection with the Central Bank bond scam investigations.

The order was issued by Chief Magistrate Asanga S. Bodaragama when the case related to the alleged bond scam was taken up in court. 

The CID had filed a complaint under the Money Laundering Act against nine suspects, including Mahendran and Perpetual Treasuries Limited, over the controversial bond transactions.

During the hearing, several PTL directors, Arjun Aloysius, Geoffrey Aloysius, Kasun Palisena, P.M. Gunawardhana, and Muthuraja Surendran were present before the court. 

The Magistrate instructed the CID to expedite investigations and submit a comprehensive report without delay

The matter has been scheduled for further hearing on May 21.