Central Bank bond scam (March 2016 auction) Trial-at-Bar case
Current status of the Central Bank bond scam (March 2016 auction) Trial-at-Bar case
A separate Central Bank bond-scam prosecution concerning the 29 Mar 2016 bond auction (distinct from the 27 Feb 2015 auction prosecuted in ravi-karunanayake-02). The Attorney General has filed 32 indictments against 11 accused, including Ravi Karunanayake and former Central Bank Governor Arjuna Mahendran, alleging a loss of approximately Rs. 36.98 billion to the State. This is a prosecution under active proceedings and has not resulted in a conviction.
What’s happened
At the 10 Sep 2026 hearing, the Colombo High Court adjourned the case because the Permanent Trial-at-Bar bench previously assigned had not been fully constituted; the judge directed that a new bench be appointed before proceedings continue. News First and Hiru reported a 4 Oct 2026 recall date, but it falls on a Sunday and is not treated as confirmed.
- Court
- Colombo High Court (Permanent Trial-at-Bar)
- Next hearing / due
- Next hearing not confirmed
Sources (3)
Central Bank bond scam (March 2016 auction) Trial-at-Bar case timeline
- 4 October 2026
Next Hearing
News First and Hiru reported that the matter was ordered to be recalled on 4 October 2026, once a new Permanent Trial-at-Bar bench has been constituted. That date falls on a Sunday, so Nadu has not treated it as a confirmed hearing pending further verification.
Court: Colombo High Court (Permanent Trial-at-Bar)
Sources (2)
- 10 September 2026
Hearing
The Colombo High Court adjourned the case because the Permanent Trial-at-Bar bench previously assigned to hear it had not been fully constituted, and directed that a new bench be appointed before the case is recalled.
Court: Colombo High Court (Permanent Trial-at-Bar)
Sources (2)