CID searches for Ravi at Battaramulla residence

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A group of Criminal Investigation Department (CID) officers today (07) went over to the residence of former Finance Minister Ravi Karunanayake, who was issued arrest warrants, at Rajamalwatta in Battaramulla.

our news reporter stated that the CID officers reached Karunanayake’s residence at around 7.00 am this morning.

They had waited outside the residence for nearly 45 minutes before going inside to search for the former minister.

However, it was reported that Karunanayake has not been at his residence when CID officers turned up at his residence.

The Colombo Fort Magistrate’s Court yesterday (06) issued warrants for the arrest of Karunanayake and 9 others over the Central Bank bond auctions of March 2016.

The Attorney General on Tuesday directed the Acting IGP to obtain arrest warrants against several suspects in the Central Bank bond scam case including the former Finance Minister Ravi Karunanayake, former Governor of the Central Bank Arjuna Mahendran, Perpetual Treasuries Limited (PTL) owner Arjun Aloysius, CEO Kasun Palisena, former Director of the Public Debt Department of the Central Bank T.H.B. Sarathchandra and several others on charges of conspiracy, criminal misappropriation, cheating and market manipulation in respect of the bond auctions of March 2016.

The Colombo Fort Magistrate Ranga Dissanayake accordingly issued arrest warrants on ten suspects in the case, however, rejected issuance of warrant on the tenth suspect, Buddhika Sarathchandra.