Summons re-issued on PTL director Punchihewa for Nov.17
Daily News : Wednesday, June 17, 2020 – 01:09
Former Central Bank Governor and fugitive Arjun Mahendran wanted for the Central Bank bond scam has changed his name to Arjan Alexander in Singapore, the Attorney General informed Court yesterday.
The Interpol has informed Sri Lankan authorities of this, it was revealed in court yesterday. Additional Solicitor General Parinda Ranasinghe appearing for the Attorney General informed the Permanent Trial-at-Bar bench that both Sri Lankan and Singapore Attorney General’s Departments are exchanging information regarding the progress of Arjun Mahendran’s extradition regularly.
“The Extradition documents sent by the Sri Lankan government regarding Mahendran’s extradition are currently being perused by Singapore Attorney General’s Department. On June 2, the Singapore Attorney General’s Department made an explanation under three facts including the dual criminality relating to Arjun Mahendran. We have sent our explanation to the Singapore Attorney General’s Department on June 9,” ASG Ranasinghe said.
The Permanent Trial-at-Bar bench has already issued a warrant written in English through the Interpol for the arrest of former Central Bank Governor Arjun Mahendran who is currently evading courts residing overseas in connection with the Central Bank bond scam case.
Meanwhile, the Trial-at-Bar bench, comprising Judges Sampath Abeykoon (President), Sampath Wijeratne and Champa Janaki Rajaratne re-issued summons directing the tenth accused Ajahn Gardiya Punchihewa to appear in Courts on November 17. He is a director at PTL, and was not present in Court and Court was informed that he is residing in Singapore. The case was fixed for November 17.
Criminal indictments have been filed in this case against former Central Bank Governor Arjuna Mahendran, former Bank Deputy Governor P. Samarasiri, Perpetual Treasuries Limited (PTL), the PTL beneficiary owner Arjun Joseph Aloysius, PTL Chief dealer Kasun Palisena, Chairman of Perpetual Treasuries Limited Jeffrey Joseph Aloysius, PTL directors Pushya Mithra Gunawardena, Chitta Ranjan Hulugalle, Muthuraja Surendran and Ajahn Gardiya Punchihewa.
According to the indictments, all ten accused have been charged with conspiracy to commit criminal misappropriation in respect of treasury bonds to the face value of Rs.10.058 billion and Mahendran and Samarasiri have been charged with criminal breach of trust in respect of Treasury Bonds to the face value of Rs. 10.058 billion resulting in a loss to the government of Rs. 688.76 million.
Former Deputy Governor P. Samarasiri is accused of abetting the former Central Bank governor Arjuna Mahendran to commit criminal breach of trust in respect of Treasury Bonds. The PTL is accused of insider dealing and criminal misappropriation in respect of Treasury Bonds to the face value of Rs 5 billion. Mahendran, Samarasiri, Aloysius, Palisena and the director board of PTL are accused of abetting PTL to commit insider dealing and criminal misappropriation.
The Charges have been presented under the Public Property Act and Registered Stocks and Securities Ordinance. The Attorney General has named 115 individuals as prosecution witnesses and further listed 236 documents as production items. The supporting evidence in the form of court productions is understood to number over 1 million pages of documents.
Additional Solicitor General Parinda Ranasinghe with ASG Priyantha Nawana appeared for the Attorney General. President’s Counsel Gamini Marapana with Navin Marapana PC, counsel Sanath Wijewardena and counsel Hafeel Farisz appeared for the accused.