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By Rathindra Kuruwita Prime Minister Ranil Wickremesinghe was likely to appoint some senior public officials to the Central Bank despite their involvement in the Treasury bond scams, Education Secretary of the Frontline Socialist Party (FSP) Pubudu Jayagoda said yesterday. Jayagoda told the media that it was likely that Wickremesinghe himself would become the Finance Minister. […]
AG files appeal against granting bail to Bond Scam suspects dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
AG files appeal challenging bail granted to Bond Scam suspects
AG files appeal challenging bail granted to Bond Scam suspects
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Colombo (News 1st); Attorney General Dappula De Livera has filed an appeal in the Supreme Court challenging the order of the Trial at Bar granting bail to the Suspects in the Treasury Bond Scam case involving the Bond auction of 29th March 2016.
State Counsel Nishara Jayaratne, the Coordinating Officer to the Attorney General confirmed this to News 1st.
07 defendants charged with the 2016 March 31st Central Bank Treasury Bond Scam were released on bail by the Colombo Permanent High Court Trial-at-Bar on the 01st of April 2021.
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Colombo (News 1st); The scam related to the importation of sugar to Sri Lanka, which is widely known as the Sugar Scam is similar to the Central Bank Treasury Scam, which involved insider information and causing losses to the state.
INSIDER INFORMATION
In the Treasury Bond Scam, Perpetual Treasuries Limited, a primary dealer company owned by Arjun Aloysius benefited from Insider Information given by then Governor of CBSL Arjuna Mahendra, who is also the Father-in-Law of Aloysius.
The report of the Presidential Commission of Inquiry revealed the Insider Information related to the number of bonds that were to be accepted as well as other key price-sensitive information.