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High Court enlarges Ravi and Arjun on bail
The Colombo High Court yesterday served indictments on former Finance Minister Ravi Karunanayake and Perpetual Treasuries Limited owner Arjun Aloysius over a bribery allegation.
The case filed by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) was taken up before Colombo High Court Judge Aditya Patabendige and the two accused were released on cash bail of Rs. 500,000 and two sureties of Rs. 5 million each, after being served the indictments.
The CIABOC filed indictments on six counts against Karunanayake for purchasing an apartment in Kollupitiya in 2016 with money from a company headed by Aloysius. CIABOC filed the case alleging that the two men had committed an offence under Section 19 (c) of the Bribery Act.
The indictment alleges that Aloysius paid Rs. 11.68 million for the apartment by cheques from the Walt & Row Associates (Pvt.) Ltd. of which Aloysius was a director. He has been named the second accused in the case, and charged under Section 19 (c) of the Bribery Act for aiding and abetting the process.