The Court of Appeal yesterday issued a writ order determining that charges cannot be pursued against former Finance Minister Ravi Karunanayake over two cases in the Colombo High Court Trial-at-Bar by the Attorney General under the Public Property Act, over the irregularities that took place at the bond auctions held on March 29 and 31, 2016.
The judgement was delivered by the Court of Appeal bench comprising Justices Sobitha Rajakaruna and Dhammika Ganepola, after considering two writ petitions filed by former Minister Ravi Karunanayake.
The Attorney General had filed indictments in the Colombo High Court Trial-at-Bar against former Finance Minister and others in connection with causing a loss of over Rs. 50 billion to the Central Bank from the bond auctions which were held on March 29 and 31, 2016.
Karunanayake had filed writ petitions to the Court of Appeal seeking an order that he be released from the cases determining that the charges have been filed against him contrary to the law and cannot be pursued against him further.
After considering the petitions, the Court of Appeal issued a writ order determining that the charges filed in the Colombo High Court cannot be pursued against former Minister Ravi Karunanayake.