The Colombo Magistrate’s Court on Wednesday issued notice to the Governor of the Central Bank Arjuna Mahendran and his son-in-law Arjun Aloysius to appear before the court on October 30, over a petition filed in the controversial Treasury bond issue. The petition was filed by UPFA Provincial Councillor Renuka Perera urging the judiciary to issue an order summoning the CB Governor and his son-in-law who is a also shareholder of Perpetual Holdings, in connection with the irregularities and advantage gained by the company in a Treasury Bond issue, court officials said. The court was also informed by the plaintiff that, on or about 27 February 2015, an issue of 30-year Treasury Bonds valued at Rs 1 Billion was declared without publishing any public notification, and the Central Bank had increased this amount to Rs, 10 billion. The petitioner further stated that as a result of this transaction the government incurred a loss of Rs. 1.39 billion. (Bandula)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
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