Ravi and others acquitted of public property charges in second bond fraud case

The majority of the Colombo High Court Trial-at-Bar has ruled that the charges made under the Public Property Act cannot be maintained in the second bond case filed against 11 accused including former Finance Minister Ravi Karunanayake.

This majority decision was then been delivered by Justices Damith Thotawatta and Manjula Thilakaratna, while stating that under Section 7 of the Public Property Act, only natural persons can be charged.

He therefor stated that the charges filed under the Public Property Act against the 11 defendants including former Finance Minister Ravi Karunanayake, former Central Bank governor Arjuna Mahendran, PTL Directors Geoffrey Aloysius, Arjun Aloysius, Kasun Palisena and others cannot be maintained.