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Supreme Court allows bond scam Trial
The Supreme Court has ruled that charges against Perpetual Treasuries Ltd and others for the 2016 Central Bank bond scam can proceed under the Public Property Act. This overturns a previous High Court decision that blocked the continuation of these charges.
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Summary
In its new ruling, the Supreme Court set aside a directive by the Colombo High Court Trial-at-Bar, which had earlier held that charges under the Public Property Act could not be maintained against the accused. The appeal challenged the earlier High Court order that had effectively halted the Public Property Act case. The Attorney General then appealed to the Court of Appeal against that decision.
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