The Court of Appeal yesterday (28) issued a writ order stating that the charges filed by the Attorney General against former Finance Minister Ravi Karunanayake under the Public Property Act cannot be sustained.
The Attorney General filed the case against Ravi Karunanayake and several others before a three-judge bench of the Colombo High Court accusing that they were defrauded over Rs. 50 billion during two Treasury Bond auctions held on 29 and 31 March 2016.
Yesterday Court of Appeal ruled that the related case not applicable to the Public Property Act. Accordingly, the Court of Appeal ordered the Attorney General to withdraw the case.
Selling bonds is a business transaction. It became a case that turned the country upside down not because it was a corrupt deal but because of political reasons.
