The three-member Permanent High Court today (11) dropped ten charges against persons accused of involvement in a Bond issuance leading to controversy in 2015.
Accordingly, ten charges against Arjun Aloysius, Arjuna Mahendran, Geoffrey Aloysius and Kasun Palisena were dropped in connection with the case alleging that they had acted in a fraudulent manner in the issuance of bonds on February 27, 2015. That being said, the defendants have been acquitted of all charges from 05 to 14 in the lawsuit consisting of 14 charges total.
Lawyers appearing for the defendants of the CBSL Bond Case said they will lodge objections in the next Court session regarding the charges numbered from 01 to 04.
The event which was made public as the ‘Great Bond Scam,’ or the ‘Bond Fraud in Broad Daylight’ leading to a massive controversy on and off the political arena during the period of the Good Governance regime seven years ago, accordingly, has now taken rather a twisted turn, unravelling evidence to suggest that the entire saga was but an emotional political propaganda project lacking any legal basis implemented to attack certain parties.
Stay tuned for more information on this case..
MIAP
